{"id":1935245,"date":"2023-05-21T14:41:12","date_gmt":"2023-05-21T18:41:12","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-default-risk-casts-shadow-over-bidens-g-7-trip\/"},"modified":"2023-05-21T14:43:25","modified_gmt":"2023-05-21T18:43:25","slug":"us-default-risk-casts-shadow-over-bidens-g-7-trip","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-default-risk-casts-shadow-over-bidens-g-7-trip\/","title":{"rendered":"US default risk looms over Biden&#8217;s G-7 visit."},"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\">16<\/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%2Fus-default-risk-casts-shadow-over-bidens-g-7-trip%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=1935245&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 Seeks Call with McCarthy After G-7 Summit<\/h2>\n<p>President Joe Biden has requested a call with House Speaker Kevin McCarthy on Sunday morning, U.S. time, after concluding his G-7 meetings in Japan. The call comes after negotiations over the debt ceiling stalled, with the White House and Republicans failing to reach an agreement on Friday night. Meanwhile, McCarthy accused the White House of backtracking on <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-criticizes-republican-proposal-on-debt-ceiling-says-he-wont-accept-partisan-terms\/\" title=\"Biden rejects GOP debt ceiling plan, cites non-partisan stance.\">debt-limit talks<\/a>, claiming that no progress would be made until Biden returns from his G-7 trip. The White House responded by stating that the president is seeking to speak with McCarthy on Sunday morning from Japan.<\/p>\n<h3>Heated Exchange Over Debt Ceiling Negotiations<\/h3>\n<p>The White House and Republicans have engaged in a heated exchange over the debt ceiling negotiations. McCarthy accused Biden of refusing to cooperate on spending cuts, claiming that the president would rather default on the debt than risk upsetting the radical socialists who are calling the shots for Democrats right now. In response, the White House defended the president&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-default-risk-casts-shadow-over-bidens-g-7-trip\/\" title=\"US default risk looms over Biden's G-7 visit.\">deficit reduction proposals<\/a>, including spending limits, cuts to Big Pharma profits, and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/white-house-wont-stop-claiming-bidens-spending-plans-costs-0\/\" title=\"White House Won\u2019t Stop Claiming Biden\u2019s Spending Plans \u2018Costs closing tax loopholes\u2019\">closing tax loopholes<\/a> for the oil industry.<\/p>\n<h3>White House Accuses Republicans of Taking the Economy Hostage<\/h3>\n<p>The White House issued a memo accusing Republicans of &#8220;recycling a barely watered down version of their <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/welp-bidens-phony-baloney-right-wing-pivot-is-here\/\" title=\"Welp, Biden\u2019s Phony Baloney Right-Wing Pivot Is Here\">extreme budget proposal<\/a>.&#8221; The memo also claimed that Republicans are taking the economy hostage and pushing the country to the brink of default, which could cost millions of jobs and tip the country into recession after two years of steady job and wage growth. The White House called for a reasonable bipartisan agreement to be reached.<\/p>\n<h3>Key Takeaways:<\/h3>\n<ul>\n<li>President Biden has requested a call with House Speaker Kevin McCarthy on Sunday morning, U.S. time, after concluding his G-7 meetings in Japan.<\/li>\n<li>The White House and Republicans have failed to reach an agreement on the debt ceiling negotiations.<\/li>\n<li>McCarthy accused Biden of refusing to cooperate on spending cuts, while the White House defended the president&#8217;s deficit reduction proposals.<\/li>\n<li>The White House accused Republicans of taking the economy hostage and pushing the country to the brink of default.<\/li>\n<\/ul>\n<p>It remains to be seen whether a reasonable bipartisan agreement can be reached before the country defaults on its debt. The stakes are high, and the outcome of these negotiations could have far-reaching consequences for the U.S. economy and the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dogecoin-rallies-after-launching-on-coinebase-pro-dogefather-elon-musk-retweets-inevitable-meme\/\" title=\"Dogecoin Rallies After Launching On Coinebase Pro, \u2018Dogefather\u2019 Elon Musk Retweets \u2018Inevitable\u2019 Meme\">global financial system<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Biden plans to speak with House Speaker Kevin McCarthy on Sunday morning, after concluding his G-7 meetings in Japan. The White House has been in a heated exchange with Republicans over stalled debt ceiling negotiations.<\/p>\n","protected":false},"author":2041,"featured_media":1935246,"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":[3706,15651,25579,9080,7514,7241],"class_list":["post-1935245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times","tag-bidens","tag-default","tag-g-7","tag-looms","tag-risk","tag-visit"],"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\/1935245","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\/2041"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1935245"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1935245\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1935246"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1935245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1935245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1935245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}