{"id":1927682,"date":"2023-05-09T22:12:39","date_gmt":"2023-05-10T02:12:39","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pressure-grows-on-biden-to-budge-in-debt-ceiling-talks\/"},"modified":"2023-05-09T22:12:39","modified_gmt":"2023-05-10T02:12:39","slug":"pressure-grows-on-biden-to-budge-in-debt-ceiling-talks","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pressure-grows-on-biden-to-budge-in-debt-ceiling-talks\/","title":{"rendered":"Pressure Grows on Biden to Budge in Debt Ceiling Talks"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fpressure-grows-on-biden-to-budge-in-debt-ceiling-talks%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1927682&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p> \t Pressure is growing on President Biden to bend in debt ceiling talks with Republicans, though the White House and Democrats are showing no signs of letting up from his no-negotiation stance.\u00a0<\/p>\n<p>    The president is facing abysmal approval ratings as he heads into the Tuesday summit with Speaker Kevin McCarthy (R-Calif.) and other congressional leaders, who have until June 1 to reach a deal that would avoid the nation\u2019s first default.\u00a0<\/p>\n<p>      The meeting follows a Washington Post-ABC News poll that found Biden trailing former President Trump in a head-to-head match after previous polls showed him ahead of his GOP rival. It also showed Trump with a decided advantage on the economy compared to Biden.<\/p>\n<p>    Republicans, meanwhile, are entering the debt ceiling talks more unified than ever, with Senate GOP Leader Mitch McConnell (Ky.) signing on to a letter with 42 other Senate Republicans backing McCarthy\u2019s position that it is time for the White House to agree to spending cuts as part of a deal.\u00a0<\/p>\n<p>    McCarthy\u2019s position was also bolstered by the House GOP\u2019s passage of a bill that paired a $1.5 trillion debt limit increase with sweeping spending cuts and clawbacks \u2014 a move that surprised Democrats and even McConnell and deprived the White House of the talking point that Republicans have not articulated a spending cut plan.<\/p>\n<p>    With the recent developments in their favor, Republicans are amping up the pressure campaign on Biden.<\/p>\n<p>        More debt ceiling coverage from The Hill:     Financial markets brace for default as Biden, Republicans dig in on debt limit    10 questions answered on the debt limit    Debt limit battle: How we got here    What would a debt ceiling failure mean for Americans?         \u201cBiden needs to change his tune. The American people aren\u2019t believing his lies, they want to see real action,\u201d Rep. Kevin Hern (R-Okla.), chairman of the conservative Republican Study Committee, told The Hill in a statement. \u201cWe passed a bill \u2014 I want to see the Senate take it up. Let\u2019s put the Senate on the record on cutting woke and weaponized government spending, restoring energy security, and getting back to fiscal sanity.\u201d<\/p>\n<p>    American Action Network, a nonprofit issue advocacy group that is aligned with Republicans, launched a $250,000 cable ad campaign on Monday to urge Biden to negotiate on the debt. The advertisement, which charges that Biden\u2019s \u201crefusal to negotiate could lead America to its very first default,\u201d is running heavily on CNN and MSNBC in the Washington, D.C., market.<\/p>\n<p>      The GOP unity, though, masks real worries on the Republican side. A number of House Republican lawmakers backed the GOP debt ceiling bill \u2014 which was intended to bring Biden to the negotiating table \u2014 only because they believe it will never become law, and they objected to some of the details.\u00a0<\/p>\n<p>    It wouldn\u2019t take much for Biden to put the pressure back on McCarthy, who is working with a tiny majority in the House and the ever-present threat that one Republican lawmaker could force a vote on his continued Speakership.\u00a0<\/p>\n<p>    Yet as McCarthy and Biden enter Tuesday\u2019s talks, the GOP has the upper hand on Biden, who has refused to blink amid the standoff but may need to offer some willingness to agree to spending cuts \u2014 now or later \u2014 as part of a debt deal.\u00a0<\/p>\n<p>      \u201cWhat we hope comes out of this is that Speaker McCarthy does the right thing,\u201d press secretary Karine Jean-Pierre said. \u201cThe president\u2019s going to be as clear as he\u2019s been these last several months \u2026 which is, they need to do their job. They need to get this done on the behalf of the American people and do their jobs.\u201d<\/p>\n<p>    But how much that message resonates with the general public \u2014 who will blame Biden, as sitting president, for any impending financial crisis \u2014 remains to be seen. It\u2019s left some congressional Republicans scratching their heads at just how a deal comes to a head.\u00a0<\/p>\n<p>    \u201cAt this stage of the game, the one key ingredient I don\u2019t have is what the administration would come to terms with,\u201d Rep. Patrick McHenry (R-N.C.), chair of the House Financial Services Committee, said on \u201cFace the Nation\u201d on Sunday.<\/p>\n<p>      McHenry, who previously said he had \u201ccomplete and utter pessimism\u201d that any agreement could be reached, slightly upgraded his stance Sunday to \u201csome level of modest pessimism now.\u201d<\/p>\n<p>    \u201cInstead of being at the depths of the ocean, I\u2019m merely drowning,\u201d McHenry said.<\/p>\n<p>    Other congressional Republicans are holding out hope that Tuesday\u2019s meeting could produce some fruit.<\/p>\n<p>      \u201cWhile it is far beyond time, I hope the meeting on Tuesday will be productive for the sake of the American economy,\u201d said Rep. David Joyce (R-Ohio), chair of the Republican Governance Group. \u201cI have faith in Speaker McCarthy to represent House Republican priorities at the negotiating table and put the risk of default to bed.\u201d<\/p>\n<p>    In a tell that the White House doesn\u2019t expect much progress in Tuesday\u2019s meeting, Biden is scheduled to deliver a speech in New York on Wednesday about why Congress must avoid default. And the meeting, slated to be at 4 p.m., likely won\u2019t run long considering congressional leaders will have to head back to the Capitol before at least the Senate starts voting at 5:30 p.m.\u00a0<\/p>\n<p>    Biden has much bigger problems when it comes to the economy and with inflation remaining at an all-time high. Should a debt limit agreement not be reached, it could set off a financial crisis that his Treasury Secretary characterized as a \u201ccatastrophe.\u201d That would deal yet another blow to his reelection campaign as recent polls show most American feel they were better off financially under Trump.<\/p>\n<p>      Other options remain on the table too. Biden appeared to leave open the possibility of invoking a clause in the 14th Amendment that some legal scholars say he could use to continue issuing the debt without lifting the ceiling.\u00a0<\/p>\n<p>        House Democrats last week revealed another last-ditch possibility to raise the debt ceiling without agreeing to GOP spending cuts: Force a vote on their debt limit increase bill through a discharge petition process.<\/p>\n<p>    But that plan is a long shot. Democrats would need at least five House Republicans to sign on, and moderates who they would likely target have dismissed the idea. And Republicans have enough support in the Senate to block action on any such bill.<\/p>\n<p>      The Senate Republicans\u2019 letter \u201cdemonstrates that there are a strong block of Senate Republicans who will not invoke cloture to advance a debt ceiling bill that refuses to address fiscal sanity,\u201d said Rep. Chip Roy (R-Texas).<\/p>\n<p>  Copyright 2023 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pressure is growing on President Biden to bend in debt ceiling talks with Republicans, though the White House and Democrats are showing no signs of letting up from his no-negotiation stance.\u00a0 The president is facing abysmal approval ratings as he heads into the Tuesday summit with Speaker Kevin McCarthy (R-Calif.) and other congressional leaders, who<\/p>\n","protected":false},"author":1,"featured_media":1927683,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[3620,14304,10142,5487,5273,4150,3745],"class_list":["post-1927682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-biden","tag-budge","tag-ceiling","tag-debt","tag-grows","tag-pressure","tag-talks"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1927682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1927682"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1927682\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1927683"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1927682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1927682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1927682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}