{"id":1935326,"date":"2023-05-22T01:55:45","date_gmt":"2023-05-22T05:55:45","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/despite-philosophical-disagreements-on-debt-ceiling-gop-and-biden-can-find-common-ground-mccarthy\/"},"modified":"2023-05-22T01:57:24","modified_gmt":"2023-05-22T05:57:24","slug":"despite-philosophical-disagreements-on-debt-ceiling-gop-and-biden-can-find-common-ground-mccarthy","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/despite-philosophical-disagreements-on-debt-ceiling-gop-and-biden-can-find-common-ground-mccarthy\/","title":{"rendered":"GOP and Biden can find common ground despite philosophical disagreements on debt ceiling, says McCarthy."},"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\">30<\/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%2Fdespite-philosophical-disagreements-on-debt-ceiling-gop-and-biden-can-find-common-ground-mccarthy%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=1935326&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>Republicans and Biden Seek Common Ground on Debt Ceiling<\/h2>\n<h3>Can Philosophical Disagreements Be Overcome?<\/h3>\n<p>Speaker of the House Kevin McCarthy (R-Calif.) believes that Republicans and President Joe Biden can find \u201ccommon ground\u201d on the debt ceiling, despite lingering \u201cphilosophical\u201d disagreements. <\/p>\n<p>McCarthy and Biden reportedly discussed the matter again as Biden returned home on Air Force One from the G-7 Summit in Hiroshima, Japan. <\/p>\n<p>During a press conference at the U.S. Capitol, McCarthy told reporters that the call was \u201cproductive\u201d and that the discussion would continue on the evening of May 21. <\/p>\n<p>\u201cI think we can solve some of these problems if he understands what we\u2019re looking at,\u201d McCarthy said of the president. \u201cBut I\u2019ve been very clear to him from the very beginning. We have to spend less money than we spent last year.\u201d<\/p>\n<p>Despite this optimism, McCarthy admitted that \u201cthere\u2019s no agreement on anything.\u201d<\/p>\n<h3>Biden Floats Unilateral Action<\/h3>\n<p>On the same day, Biden again floated an idea that has long circulated among Democrats: that the president could use a clause in the 14th Amendment to unilaterally raise the debt ceiling without congressional authorization. <\/p>\n<p>Biden said the White House was looking into the legality and practicality of the move, indicating that he still isn\u2019t convinced that a deal can be reached. <\/p>\n<p>During his May 21 press conference, Biden accused Republicans of \u201cextreme positions\u201d and said, \u201cIt\u2019s time for Republicans to accept that there is no deal to be made solely, solely, on their partisan terms.\u201d<\/p>\n<h3>Leaders Insist United States Won\u2019t Default<\/h3>\n<p>Every leader involved in the negotiations has insisted that the United States won\u2019t default. <\/p>\n<p>For months, Republicans and Democrats have been gridlocked over the debt ceiling, which is the maximum amount of money that the U.S. Treasury can borrow. An increase of the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/despite-philosophical-disagreements-on-debt-ceiling-gop-and-biden-can-find-common-ground-mccarthy\/\" title=\"GOP and Biden can find common ground despite philosophical disagreements on debt ceiling, says McCarthy.\">debt ceiling requires approval<\/a> from both chambers of Congress. Without a debt ceiling increase, the United States will default for the first time in history, an outcome that would have catastrophic effects on the value of the dollar. <\/p>\n<p>Republicans under McCarthy\u2019s leadership have <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/risk-of-debt-default-is-non-trivial-warns-jpmorgan\/\" title=\"Risk of Debt Default Is \u2018Non-Trivial,\u2019 Warns JPMorgan\">demanded spending cuts<\/a> in order to agree to a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/us-set-to-hit-debt-ceiling-within-four-months-cbo-estimates\/\" title=\"US Set To Hit Debt Ceiling Within Four Months, CBO Estimates\">debt limit increase<\/a>, citing the need to get the U.S. deficit and national debt under control. <\/p>\n<h3>Summary<\/h3>\n<p>Despite philosophical disagreements, Republicans and President Biden are continuing to discuss the debt ceiling. Biden has floated the idea of using a clause in the 14th Amendment to unilaterally raise the debt ceiling without congressional authorization. Every leader involved in the negotiations has insisted that the United States won\u2019t default. Republicans under McCarthy\u2019s leadership have demanded spending cuts in order to agree to a debt limit increase.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kevin McCarthy, Speaker of the House, believes Republicans and President Biden can agree on the debt ceiling despite philosophical differences. They discussed the matter as Biden returned from the G-7 Summit in Japan. McCarthy is optimistic about finding common ground.<\/p>\n","protected":false},"author":57,"featured_media":1935327,"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":[27300,3620,10142,6268,5487,27299,6203,9533,3663],"class_list":["post-1935326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times","tag-philosophical","tag-biden","tag-ceiling","tag-common","tag-debt","tag-disagreements","tag-gop","tag-ground","tag-mccarthy"],"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\/1935326","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\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1935326"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1935326\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1935327"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1935326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1935326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1935326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}