{"id":44882,"date":"2023-01-21T00:08:31","date_gmt":"2023-01-21T00:08:31","guid":{"rendered":"http:\/\/www.brandon.ddtest.info\/multisite-test\/biden-to-meet-with-mccarthy-over-avoiding-debt-ceiling-calamity\/"},"modified":"2023-01-21T00:08:31","modified_gmt":"2023-01-21T00:08:31","slug":"biden-to-meet-with-mccarthy-over-avoiding-debt-ceiling-calamity","status":"publish","type":"post","link":"http:\/\/www.brandon.ddtest.info\/multisite-test\/biden-to-meet-with-mccarthy-over-avoiding-debt-ceiling-calamity\/","title":{"rendered":"Biden to meet with McCarthy over avoiding debt ceiling \u2018calamity\u2019"},"content":{"rendered":"

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But Biden\u2019s remarks set off a back-and-forth later in the day that underscored the deep divide between the White House and House Republicans over how to approach the debt ceiling discussions.<\/p>\n

McCarthy tweeted shortly afterward that he would accept a request to meet \u201cand discuss a responsible debt ceiling increase to address irresponsible government spending.\u201d<\/p>\n

The White House responded in a statement<\/a> issued later on Friday, where Jean-Pierre reiterated that \u201craising the debt ceiling is not a negotiation; it is an obligation of this country and its leaders to avoid economic chaos.\u201d<\/p>\n

\u201cWe are going to have a clear debate on two different visions for the country \u2014 one that cuts Social Security, and one that protects it \u2014 and the President is happy to discuss that with the Speaker,\u201d Jean-Pierre said.<\/p>\n

The development comes a day after Treasury Secretary Janet Yellen said that the U.S. had reached its debt limit<\/a> and would need to use special measures to avoid a default. Yellen has projected that Congress has until at least June to pass a debt ceiling increase.<\/p>\n

Biden officials have insisted that Congress pass a clean debt ceiling increasing, arguing that it is one of the government\u2019s basic duties and shouldn\u2019t come with any conditions attached.<\/p>\n

The U.S. has never defaulted on its debt. Failing to do so for the first time ever, Democrats and a wide swathe of economists have cautioned, would destroy the nation\u2019s financial credibility, tank the stock market and throw the global economy into chaos.<\/p>\n

But Republicans are signaling that they plan to force a showdown over the debt ceiling, in a bid to extract a host of deep spending cuts from the administration. McCarthy earlier this week urged Biden and Democratic congressional leaders to begin discussions on a potential deal.<\/p>\n

On Friday, Biden also said that he would address what he called a \u201cfundamental disagreement\u201d over how to control spending as part of his State of the Union address. The White House has hammered Republicans repeatedly over their suggestions that the government cut funding for Medicare and Social Security as part of a debt ceiling deal.<\/p>\n

\u201cTheir way to deal with cutting that debt is to cut social security, cut Medicaid,\u201d Biden said. \u201cThese are the kind of debates that we\u2019re going to have.\u201d<\/p>\n<\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

But Biden\u2019s remarks set off a back-and-forth later in the day that underscored the deep divide between the White House and House Republicans over how to approach the debt ceiling discussions. McCarthy tweeted shortly afterward that he would accept a request to meet \u201cand discuss a responsible debt ceiling increase to address irresponsible government spending.\u201d …<\/p>\n","protected":false},"author":1,"featured_media":44883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[161],"tags":[],"_links":{"self":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/44882"}],"collection":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/comments?post=44882"}],"version-history":[{"count":0,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/44882\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media\/44883"}],"wp:attachment":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media?parent=44882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/categories?post=44882"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/tags?post=44882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}