{"id":1935188,"date":"2023-05-21T13:15:14","date_gmt":"2023-05-21T17:15:14","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-plans-call-with-house-speaker-mccarthy-sunday-on-debt-limit\/"},"modified":"2023-05-21T13:18:07","modified_gmt":"2023-05-21T17:18:07","slug":"biden-plans-call-with-house-speaker-mccarthy-sunday-on-debt-limit","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-plans-call-with-house-speaker-mccarthy-sunday-on-debt-limit\/","title":{"rendered":"Biden to speak with House Speaker McCarthy on debt limit Sunday."},"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\">22<\/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%2Fbiden-plans-call-with-house-speaker-mccarthy-sunday-on-debt-limit%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=1935188&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>Biden Plans to Speak with Top Republican on Debt Ceiling<\/h2>\n<p>President Joe Biden is set to speak with top congressional Republican Kevin McCarthy on Sunday as part of last-minute talks over raising the federal $31.<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dems-reject-matched-spending-cuts-setting-up-debt-ceiling-showdown-with-gop\/\" title=\"Dems Reject Matched Spending Cuts, Setting Up Debt Ceiling Showdown With GOP\">4 trillion <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><\/a>. Biden, who is currently in Japan for the Group of Seven (G7) summit, sought the call after his negotiating team briefed him on the status of talks that broke up on Friday with no signs of progress. There are less than two weeks before June 1, when the Treasury Department has warned that the federal government could be unable to pay all its debts. That would trigger a default that could cause chaos in financial markets and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/major-financiers-warn-fed-may-spike-interest-rates\/\" title=\"Major Financiers Warn Fed May Spike Interest Rates\">spike interest rates<\/a>.<\/p>\n<h3>Proposals Too Extreme<\/h3>\n<p>Officials did not meet on Saturday and announced no progress from meetings on Friday or any plan to talk again. Instead, both sides cast the other\u2019s proposals as too extreme. White House Press Secretary Karine Jean-Pierre noted in a statement that Biden and McCarthy, the speaker of the House of Representatives, had agreed that any budget agreement would need to be bipartisan and accused Republicans of offering proposals too far to the right to pass Congress.<\/p>\n<h3>Steep Cuts and Work Requirements for Aid<\/h3>\n<p>A source familiar with the negotiations said Republicans had proposed an increase in defense spending, while cutting overall spending. The source also said House Republicans wanted to extend tax cuts passed under then-President Donald Trump, which would add $3.5 trillion to the federal debt. The person said Republicans had also rejected Democrats\u2019 proposed measures to raise revenue, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-plans-call-with-house-speaker-mccarthy-sunday-on-debt-limit\/\" title=\"Biden to speak with House Speaker McCarthy on debt limit Sunday.\">including drug payment reforms<\/a> and closing \u201ctax loopholes.\u201d Another person familiar with the talks said Republicans\u2019 latest proposal included \u201csteep\u201d cuts over a longer period of time than recent budget deals, as well as a variety of measures that irk Democrats, including work requirements for aid, cuts to food assistance and less money for the tax-collecting Internal Revenue Service.<\/p>\n<h3>No Deal Can Pass Without Bipartisan Support<\/h3>\n<p>Republicans hold a slim majority of seats in the House and Biden\u2019s fellow Democrats have narrow control of the Senate, so no deal can pass without <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-administration-democrats-push-reformed-voting-rights-laws\/\" title=\"Biden administration, Democrats push reformed voting rights laws\">bipartisan support<\/a>. U.S. Representative Patrick McHenry, a Republican negotiator, had said Republicans leaders were \u201cgoing to huddle as a team and assess\u201d where things stood. Congressional Republicans voted to raise the debt ceiling three times, with no budget cut pre-conditions, when Republican Trump was in the White House.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Biden will speak with top Republican Kevin McCarthy on Sunday to discuss raising the federal debt ceiling, as negotiations become more urgent. Biden is currently in Japan for the G7 summit.<\/p>\n","protected":false},"author":66,"featured_media":1935190,"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":[542],"tags":[3620,5487,3653,6612,3663,4621,5654,11439],"class_list":["post-1935188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-biden","tag-debt","tag-house","tag-limit","tag-mccarthy","tag-speak","tag-speaker","tag-sunday"],"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\/1935188","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\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1935188"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1935188\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1935190"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1935188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1935188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1935188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}