KNOWLEDGE is POWER / REAL NEWS is KEY
New York: Saturday, June 03, 2023
© 2023 U-S-NEWS.COM
Online Readers: 321
New York: Saturday, June 03, 2023
Online: 349
Join our "Free Speech Social Platform ONGO247.COM" Click Here
Joe Biden, Kevin McCarthy

POLITICS: Biden issues terse statement after McCarthy debt ceiling talks: ‘Avoid a catastrophe’

Website 👉 https://u-s-news.com/
Telegram 👉 https://t.me/usnewscom_channel

President Joe Biden issued a terse, three-sentence statement late Monday evening following the conclusion of his talks with House Speaker Kevin McCarthy on how to raise the debt ceiling, which failed to yield a final agreement but which both sides said was “productive.”

“I just concluded a productive meeting with Speaker McCarthy about the need to prevent default and avoid a catastrophe for our economy. We reiterated once again that default is off the table and the only way to move forward is in good faith toward a bipartisan agreement,” Biden said in a statement.

“While there are areas of disagreement, the Speaker and I, and his lead negotiators Chairman McHenry and Congressman Graves, and our staffs will continue to discuss the path forward,” he added.

DEMOCRATS TARGET VULNERABLE GOP LAWMAKERS FOR SUPPORTING MCCARTHY’S DEBT CEILING BILL

A split image of President Joe Biden and House Speaker Kevin McCarthy, R-Calif. (Drew Angerer/Getty Images)

The White House released Biden’s statement after McCarthy briefed reporters at the White House and in a separate briefing at the Capitol minutes later. 

McCarthy also told reporters that the Monday evening meeting was “productive” even though there was no “progress” yet. He said staff would continue to meet and he expected to be in touch with Biden every day – there are just 10 days left before the government is expected to have to borrow more money in order to pay its current obligations.

Negotiators for both McCarthy, R-Calif., and Biden have been meeting for more than a week, and met again for about two and a half hours on Sunday night, just two days after Republicans called for a “pause” in the talks because no progress was being made.

One of McCarthy’s top allies, House Financial Services Chair Patrick McHenry, R-N.C., told reporters outside the speaker’s office on Monday that talks had been productive but said there were still obstacles to overcome.

57 HOUSE REPUBLICANS DEMAND DEBT LIMIT TALKS INCLUDE CRACKDOWN ON ILLEGAL IMMIGRANTS

House Speaker Kevin McCarthy

Speaker of the House Kevin McCarthy, R-Calif., talks to reporters just after the Republican majority in the House narrowly passed a sweeping debt ceiling package as they try to push President Joe Biden into negotiations on federal spending, at the Capitol in Washington, Wednesday, April 26, 2023.  (AP Photo/J. Scott Applewhite)

Democrats have insisted on raising the debt limit without preconditions. But Republicans are lining up behind the House-passed Limit, Save, Grow Act, which would increase the federal borrowing limit by $1.5 trillion while also slashing spending by roughly $150 billion from this year to the next.

CLICK HERE TO GET THE FOX NEWS APP

Both sides have agreed that action is needed to reduce the deficit, but each has different ideas about how to do it – Republicans are looking to cut spending from today’s levels, while Democrats have called to increase tax revenue from the ultra-wealthy and large corporations.

Fox News Digital’s Liz Elkind contributed to this story.



Source link

(Visited 2 times, 1 visits today)
KNOWLEDGE is POWER / REAL NEWS is KEY
Woke & Liberal News is Fake News
You will find it on:
CNN - CBS - MSNBC - ABC - The New York Times - The Washington Post - Facebook - Twitter and more
They ALL SUCKS and simply DO NOT tell you the truth PERIOD

WARNING! If you usually get your news from one of these so-called "News Services" Welcome to you, but be prepared for big surprises!
eg. 2+2 is not 5 or 22 but 4 - There is not 57 different genders, only 2
KNOWLEDGE is POWER / REAL NEWS is KEY
Help your friends, family and the truth by sharing this article.

PGlmcmFtZSB3aWR0aD0iNjQwIiBoZWlnaHQ9IjM2MCIgc2Nyb2xsaW5nPSJubyIgZnJhbWVib3JkZXI9IjAiIHN0eWxlPSJib3JkZXI6IG5vbmU7IiBzcmM9Imh0dHBzOi8vd3d3LmJpdGNodXRlLmNvbS9lbWJlZC8ydEZzdEJzNjFQRTUvIj48L2lmcmFtZT4=
IMPORTANT!

Latest Video
PGlmcmFtZSBpZD0ib2R5c2VlLWlmcmFtZSIgd2lkdGg9IjY0MCIgaGVpZ2h0PSIzNjAiIHNyYz0iaHR0cHM6Ly9vZHlzZWUuY29tLyQvZW1iZWQvJTQwQWxleEpvbmVzQ2hhbm5lbD9mZWF0dXJlPWxhdGVzdCIgYWxsb3dmdWxsc2NyZWVuPjwvaWZyYW1lPg==

PGlmcmFtZSB3aWR0aD0iNjQwIiBoZWlnaHQ9IjM2MCIgc2Nyb2xsaW5nPSJubyIgZnJhbWVib3JkZXI9IjAiIHN0eWxlPSJib3JkZXI6IG5vbmU7IiBzcmM9Imh0dHBzOi8vd3d3LmJpdGNodXRlLmNvbS9lbWJlZC9CWDhmdW1VR2pRTUQvIj48L2lmcmFtZT4=
THIS IS IT!!!

Latest Video
PGlmcmFtZSBpZD0ib2R5c2VlLWlmcmFtZSIgd2lkdGg9IjY0MCIgaGVpZ2h0PSIzNjAiIHNyYz0iaHR0cHM6Ly9vZHlzZWUuY29tLyQvZW1iZWQvJTQwUlQ/ZmVhdHVyZT1sYXRlc3QiIGFsbG93ZnVsbHNjcmVlbj48L2lmcmFtZT4=

Livestream
PGlmcmFtZSBpZD0ib2R5c2VlLWlmcmFtZSIgd2lkdGg9IjY0MCIgaGVpZ2h0PSIzNjAiIHNyYz0iaHR0cHM6Ly9vZHlzZWUuY29tLyQvZW1iZWQvJTQwUlQ/ZmVhdHVyZT1saXZlbm93IiBhbGxvd2Z1bGxzY3JlZW4+PC9pZnJhbWU+

Want The Real News
and join millions of other active users