House Speaker Kevin McCarthy on Friday agreed to meet with President Joe Biden amid heightened economic concerns as the government reached its borrowing limit a day earlier.<\/p>\n<\/div>\n
\u201cPresident Biden: I accept your invitation to sit down and discuss a responsible debt ceiling increase to address irresponsible government spending,\u201d McCarthy wrote in a tweet.<\/p>\n<\/div>\n
The commitment came after Biden earlier in the day told a group of mayors assembled at the White House that despite stated opposition to negotiations on the debt ceiling, he would hold talks with the GOP leader on the national debt, warning that if the nation does not meet its obligations it will face a \u201ccalamity that exceeds anything that\u2019s ever happened financially in the United States.\u201d<\/p>\n<\/div>\n The comments came after the Treasury Department on Thursday resorted to \u201cextraordinary measures\u201d to extend the date that it\u2019s expected to run out of money. And although the measures are expected to hold until early summer, a precarious partisan battle threatens the first-ever default on the national debt.<\/p>\n<\/div>\n <\/react-trigger><\/p>\n After some Republicans expressed interest in using the new GOP House majority to seek spending cuts while leveraging the potential default, Democrats have warned of reckless \u201cpolitical brinkmanship,\u201d while the White House has remained adamant that addressing the debt limit should be done in a bipartisan manner \u201cwithout conditions\u201d and is holding firm to its “no negotiations” stance. <\/p>\n<\/div>\n White House press secretary Karine Jean-Pierre confirmed on Friday that Biden will soon meet with McCarthy on \u201ca range of issues\u201d \u2013 a point the White House later reiterated in a statement. She added that the president is \u201clooking forward to meeting with Speaker McCarthy,\u201d while noting that the president\u2019s position about negotiations related to the debt ceiling remains firm.<\/p>\n<\/div>\n \u201cIt is a basic responsibility that Congress has to deal with the debt ceiling,\u201d she said. \u201cWe have been clear on this, the president has been clear on this: It should not be used as a political weapon.\u201d<\/p>\n<\/div>\n Meanwhile, Biden said he would address what he called \u201cthe big debate\u201d \u2013 a disagreement about taxing and spending priorities like Social Security \u2013 during his State of the Union address next month.<\/p>\n<\/div>\n<\/div>\n\n House Speaker Kevin McCarthy on Friday agreed to meet with President Joe Biden amid heightened economic concerns as the government reached its borrowing limit a day earlier. \u201cPresident Biden: I accept your invitation to sit down and discuss a responsible debt ceiling increase to address irresponsible government spending,\u201d McCarthy wrote in a tweet. The commitment …<\/p>\n","protected":false},"author":1,"featured_media":44905,"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\/44904"}],"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=44904"}],"version-history":[{"count":0,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/44904\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media\/44905"}],"wp:attachment":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media?parent=44904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/categories?post=44904"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/tags?post=44904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Political Cartoons on Joe Biden<\/h3>\n<\/p>\n
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