U.S. House Speaker Kevin McCarthy (R-California) appoints Senate Republican Minority Leader Mitch McConnell (R-K.) after debt-straightening talks at the White House in Washington, D.C., May 9, 2023. Talk to reporters by the side.
Kevin Lamarck | Reuters
Deliberations in the Capitol over the debt ceiling have been suspended multiple times and suspended again as Speaker of the House Kevin McCarthy Reporters on Saturday said Republicans would only continue negotiations if a president takes office. Joe Biden Returned from the G7 Summit in Japan.
“Unfortunately, the White House has stepped back,” McCarthy said of the current debt ceiling debate. “I don’t think we can move forward until the president returns home,” he added.
saturday evening, The Biden administration countered It was Republicans who put forward the debt ceiling proposal on Friday, calling it a “huge setback” and containing “extreme partisan demands that cannot pass both houses of Congress.” claimed.
“For the first time in our history, unless extreme partisan demands are met, it is not the president or the Democratic leadership that is threatening to default our nation, but only the Republican leadership, which benefits from the MAGA sector. be.” according to the statement Biden Press Secretary Carine Jean-Pierre.
Mr. Biden is scheduled return From Sunday’s G7 Summit to Washington DC.president Said Speaking at a press conference after the summit, he said he was “absolutely” unconcerned about the negotiations, believing that “a default could be avoided and we would be able to achieve some decent results.”
McCarthy’s announcement that negotiations have been put on hold again, at least for now, is the latest hurdle facing Congress on what to do with the outstanding debt ceiling.Secretary of the Treasury Janet Yellen US fixed June 1 as the earliest date may run out of money To repay the debt already owed by the government.
Agreeing to raise or suspend the debt ceiling would require passage by both the Republican-led House and Democratic-led Senate, and key lawmakers from both parties said the final compromise would not be acceptable to hardliners. admit to having sex.
High-stakes negotiations over raising the debt ceiling resumed The Capitol on Friday evening, hours after the meeting was suspended after Republican negotiators accused the White House of interrupting the meeting. was done in
