{"id":1931822,"date":"2023-05-16T11:41:21","date_gmt":"2023-05-16T15:41:21","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mccarthy-says-delayed-debt-ceiling-talks-not-in-a-good-place-ahead-of-tuesday-meeting\/"},"modified":"2023-05-16T11:44:12","modified_gmt":"2023-05-16T15:44:12","slug":"mccarthy-says-delayed-debt-ceiling-talks-not-in-a-good-place-ahead-of-tuesday-meeting","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mccarthy-says-delayed-debt-ceiling-talks-not-in-a-good-place-ahead-of-tuesday-meeting\/","title":{"rendered":"McCarthy: Debt Ceiling Talks Delayed and Troubled Before Tuesday Meeting."},"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%2Fmccarthy-says-delayed-debt-ceiling-talks-not-in-a-good-place-ahead-of-tuesday-meeting%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=1931822&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 Limit Talks with Democrats and President Biden &#8220;Not in a Good Place,&#8221; Says House Speaker McCarthy<\/h2>\n<p>House Speaker Kevin McCarthy has expressed his concern that <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pressure-for-compromise-mounts-as-biden-mccarthy-resume-debt-limit-talks\/\" title=\"Biden and McCarthy under pressure to compromise in debt limit talks.\">debt limit talks<\/a> with Democrats and President Joe Biden are &#8220;not in a good place.&#8221; He stated that Biden had delayed talks for 100 days, adding to the pressure of the situation. A <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-blasts-house-gop-for-inventing-new-excuse-to-delay-counterbudget-proposal\/\" title=\"White House blasts House GOP for inventing 'new excuse' to delay counterbudget proposal\"><a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/even-with-full-control-of-government-democrats-massive-wish-list-is-stalling\/\" title=\"Even With Full Control Of Government, Democrats\u2019 Massive Wish List Is Stalling\">debt ceiling<\/a> meeting<\/a> has been scheduled for 3 p.m. ET on Tuesday, after being postponed from last Friday.<\/p>\n<h3>Treasury Secretary Warns of Catastrophic Default<\/h3>\n<p>Treasury Secretary Janet Yellen has warned that her department won&#8217;t be able to pay the federal government&#8217;s debts if the debt ceiling is not raised or suspended by June 1st. This deadline was estimated in May but has now been confirmed. Republicans and Democrats have a little over two weeks to make a deal or the United States government will <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mccarthy-says-delayed-debt-ceiling-talks-not-in-a-good-place-ahead-of-tuesday-meeting\/\" title=\"McCarthy: Debt Ceiling Talks Delayed and Troubled Before Tuesday Meeting.\">catastrophically default<\/a> on its $31.4 trillion in debt.<\/p>\n<h3>McCarthy Urges Biden and Democrats to Get Serious About Negotiating<\/h3>\n<p>McCarthy has sought to use the threat of defaulting on the nation&#8217;s debts to force Democrats to limit their spending. He has urged Biden and the Democrats to &#8220;get serious about negotiating&#8221; before he would feel like their meetings are successful. &#8220;They would have to really talk about where they&#8217;re going to go,&#8221; McCarthy said. &#8220;Time is of the essence.&#8221;<\/p>\n<h3>Concerns Over Continued Spending<\/h3>\n<p>McCarthy has expressed his concern about the president&#8217;s continued spending and what it will do to Medicare and social security. &#8220;I&#8217;m really concerned about&#8230;instead of the Democrats sit,&#8221; he said on Monday. An increase in the debt limit would not authorize new federal spending. It would only allow for borrowing to pay for the policies and legislation that Congress has already approved.<\/p>\n<h3>The Clock is Ticking<\/h3>\n<p>With Biden scheduled to leave the country on Wednesday for Group of Seven meetings in Japan, the pressure is on to finalize a deal before the deadline. &#8220;We only have so many days left,&#8221; McCarthy told reporters on Monday. &#8220;I don&#8217;t think we&#8217;re in a good place, I know we&#8217;re not. This ignoring the problem, thinking it will go away&#8230;he could bumble his way into a default just like he did on the border.&#8221;<\/p>\n<h3>Save and Grow<\/h3>\n<p>McCarthy has emphasized the GOP&#8217;s economic strategy of &#8220;save and grow.&#8221; He has argued that the government can&#8217;t continue to spend money at the pace it is now. The clock is ticking, and a deal must be made soon to avoid a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senate-clears-way-for-democrats-to-lift-the-debt-ceiling-after-agreement-between-schumer-mcconnell\/\" title=\"Senate Clears Way For Democrats To Lift The Debt Ceiling After Agreement Between Schumer, McConnell\">catastrophic default<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>House Speaker Kevin McCarthy stated that debt limit discussions with Democrats and President Joe Biden are not progressing well, blaming Biden for delaying talks for 100 days. A meeting on the debt ceiling has been rescheduled for Tuesday at 3 p.m. ET after being postponed from last Friday.<\/p>\n","protected":false},"author":618,"featured_media":1931823,"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":[543],"tags":[10142,5487,10604,3663,4470,3745,17686,12886],"class_list":["post-1931822","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times","tag-ceiling","tag-debt","tag-delayed","tag-mccarthy","tag-meeting","tag-talks","tag-troubled","tag-tuesday"],"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\/1931822","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\/618"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1931822"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1931822\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1931823"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1931822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1931822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1931822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}