"He wouldn't give me any." White House leverage is slipping "I asked him numerous times what are some places we can find savings," McCarthy said. From the beginning of talks, Biden has said that raising the debt ceiling is "not negotiable or conditional." But he's been unable to sway any Republicans in Congress to support a debt ceiling increase without cuts that the White House has condemned. "The United States is not going to default," McConnell said.
"I made clear during our meeting that default is not an option," Biden said, adding that he's "prepared to begin a separate discussion about my budget and spending priorities not under threat of default."īiden and the four congressional leaders plan to meet again Friday. The meeting, which also included House Democratic Leader Hakeem Jeffries, marked the first time Biden and McCarthy sat down in 97 days.ĭespite the differences, Biden described a "productive meeting about the path forward" in an address from the White House Roosevelt Room afterward and said he's "absolutely certain" a default can be avoided with so little time. Biden 'absolutely certain' US won't default as new meeting planned for Friday "The bottom line is very simple: There are large differences between the parties," Senate Majority Leader Chuck Schumer said. After the meeting, McCarthy and Republican Senate Leader Mitch McConnell said Republicans remain committed to spending cuts as part of raising the debt ceiling, while Biden and Democrats made clear they remain opposed. faces a June 1 deadline to raise the debt ceiling to avoid a government default and a potential economic crisis. "I didn’t see any new movement,” Republican House Speaker Kevin McCarthy said after a one-hour meeting that saw the president and congressional leaders of both parties dig further into positions they've held for months. lumbers toward a potential default by the end of the month. WASHINGTON − An Oval Office meeting Tuesday afternoon between President Joe Biden and top congressional leaders failed to produce a breakthrough in the standoff over raising the debt ceiling as the U.S.
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