{"id":1931002,"date":"2023-05-15T03:41:04","date_gmt":"2023-05-15T07:41:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/treasury-official-insists-biden-didnt-wait-to-negotiate-as-debt-default-nears\/"},"modified":"2023-05-15T03:43:23","modified_gmt":"2023-05-15T07:43:23","slug":"treasury-official-insists-biden-didnt-wait-to-negotiate-as-debt-default-nears","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/treasury-official-insists-biden-didnt-wait-to-negotiate-as-debt-default-nears\/","title":{"rendered":"Treasury official denies Biden delayed negotiations as debt default approaches."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><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%2Ftreasury-official-insists-biden-didnt-wait-to-negotiate-as-debt-default-nears%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=1931002&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--><h2>Debt Ceiling Negotiations: Is Biden Waiting Too Long?<\/h2>\n<h3>Pressing the Issue<\/h3>\n<p>CNN anchor Dan Bash didn&#8217;t <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/uk-may-ease-ccp-virus-lockdown-from-march-foreign-secretary-says\/\" title=\"UK May Ease CCP Virus Lockdown From March, Foreign Secretary Says\">hold back<\/a> when he questioned Treasury Deputy Secretary Wally Adeyemo about President Joe Biden&#8217;s handling of the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/exclusive-mitch-mcconnell-led-effort-to-trash-bob-dole-aides-career-over-peripheral-tie-to-january-6\/\" title=\"Exclusive \u2014 Mitch McConnell Led Effort to Trash Bob Dole Aide\u2019s Career over Peripheral Tie to January 6\">debt ceiling negotiations<\/a>. With the threat of a historic default looming, Bash asked why Biden waited until now to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/treasury-official-insists-biden-didnt-wait-to-negotiate-as-debt-default-nears\/\" title=\"Treasury official denies Biden delayed negotiations as debt default approaches.\">start negotiating <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/speaker-pelosis-new-house-rules-package-silences-the-voice-of-republican-minority\/\" title=\"Speaker Pelosi\u2019s new House rules package silences the voice of Republican minority\">spending cuts<\/a><\/a> to avert disaster.<\/p>\n<h3>Dismissing the Premise<\/h3>\n<p>Adeyemo pushed back, arguing that Biden proposed a budget in March to reduce the debt by nearly $3 trillion over the next decade. He also noted that Republicans passed their own plan in April, and Biden invited congressional leaders to discuss &#8220;fiscal policy.&#8221; While a second meeting was postponed, Adeyemo maintained that the conversations were &#8220;constructive.&#8221;<\/p>\n<h3>A Clash of Stances<\/h3>\n<p>Biden and Democrats are advocating for a &#8220;clean&#8221; bill to raise the debt ceiling, while Republicans want to discuss concessions on spending cuts. House Speaker Kevin McCarthy tweeted that &#8220;the only responsible way to raise the debt ceiling is to limit reckless spending and get inflation under control.&#8221;<\/p>\n<h3>The Clock is Ticking<\/h3>\n<p>The Congressional Budget Office warned that the government may not be able to pay all of its debts by the first two weeks of June if the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/congressional-budget-office-reveals-when-government-will-run-out-of-cash\/\" title=\"Congressional Budget Office Reveals When Government Will Run Out Of Cash\">debt limit remains unchanged<\/a>. Adeyemo stressed the urgency of the situation, saying that a default could lead to a massive recession and cost millions of jobs.<\/p>\n<h3>A Stand-Alone Issue<\/h3>\n<p>Adeyemo maintained that avoiding a default should be handled as a stand-alone issue, separate from fiscal policy negotiations. As talks continue, time is running short to prevent a potential disaster.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A leading Treasury Department official refuses to admit President Joe Biden waited until the threat of a historic default became imminent to negotiate the debt ceiling. CNN anchor Dan Bash pressed Treasury Deputy Secretary Wally Adeyemo about the issue on Sunday, weeks ahead of what could be an unprecedented government default. \u201cIf the threat from<\/p>\n","protected":false},"author":1588,"featured_media":1931003,"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":[541],"tags":[5629,3620,5487,15651,10604,4775,11860,4808,3778],"class_list":["post-1931002","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire","tag-approaches","tag-biden","tag-debt","tag-default","tag-delayed","tag-denies","tag-negotiations","tag-official","tag-treasury"],"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\/1931002","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\/1588"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1931002"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1931002\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1931003"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1931002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1931002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1931002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}