WASHINGTON – President Joe Biden will debt meet Wednesday with House Speaker Kevin McCarthy. R-Calif., a White House official confirmed. Amid Republicans’ debt-ceiling showdown with Democrats.
Biden will host McCarthy at the White House to discuss. A range of issues in one of a series of meetings with congressional. Leaders at the start of the new Congress, a White House spokesman said Sunday. Biden met with Democratic leaders last week. Including Senate Majority Leader Chuck Schumer of New York. Senate Majority Whip Dick Durbin, D-Ill., and House Minority Leader Hakeem Jeffries, D-N.Y.
Biden will discuss his plan to grow the economy.
While reducing the deficit, the spokeswoman said. He will ask what McCarthy’s plan is, the spokesman said, adding. That the first bill McCarthy has put on the floor would increase the deficit by more than $100 billion.
Biden plans to ask McCarthy. If he wants to meet his constitutional obligations to prevent a national default. And not put the economic security of all Americans at risk, the spokeswoman added.
McCarthy first announced he would meet with Biden. This week to discuss the debt ceiling in an interview Sunday on CBS’ “Face the Nation.” He said Republicans would not allow the United States to default. And expressed interest in reaching a deal with the president.
“I know the president has said he doesn’t want to negotiate. But it’s very important. that our entire government is designed to compromise.” McCarthy said. “I want to find a reasonable way. That we can raise the debt ceiling but also control this runaway spending.”
The government hit its statutory debt limit this month.
The Treasury Department said at the time. That it had begun adopting “extraordinary measures” to pay the bills. And that the deadline to default or risk was June 5.
House Republicans have been demanding. Spending cuts in exchange for lifting the debt ceiling. And avoiding a US debt default. Party leaders, but, did not have a unified plan to cut spending. Complicating the task of passing a bill with McCarthy’s narrow majority.
The White House has said there will be no negotiations. And that Congress must allow the government to pay its bills. Democratic leaders in the House and Senate backed Biden. Demanding that McCarthy present his plan. And pass it through the House before any discussion.
“I’m not going to let anyone use the full faith and credit of the United States. As a bargaining chip,” Biden said last week in his first major economic remarks of the year.
Saying GOP proposals would lead to higher inflation.
McCarthy slammed Biden’s position, saying he was. “Disappointed” but determined to demand spending cuts.
“Here’s the leader of the free world banging on the table. Saying, ‘No, no, no, raise the limit, make us spend more.'” McCarthy told reporters. No. That’s not how adults behave,” McCarthy told reporters. Capitol last week. “Let’s find common ground, and cut wasteful spending to protect hard-working taxpayers.
“So the longer he waits the more he makes America’s financial peril to take over,” McCarthy added.