{"id":1935495,"date":"2023-05-22T07:25:28","date_gmt":"2023-05-22T11:25:28","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-and-mccarthy-set-to-meet-after-productive-chat-on-debt-ceiling\/"},"modified":"2023-05-22T07:27:16","modified_gmt":"2023-05-22T11:27:16","slug":"biden-and-mccarthy-set-to-meet-after-productive-chat-on-debt-ceiling","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-and-mccarthy-set-to-meet-after-productive-chat-on-debt-ceiling\/","title":{"rendered":"Biden and McCarthy to meet after positive discussion on debt ceiling."},"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\">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-and-mccarthy-set-to-meet-after-productive-chat-on-debt-ceiling%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=1935495&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>President Biden and House Speaker McCarthy to Meet on Debt Ceiling Negotiations<\/h2>\n<p>President Joe Biden and House Speaker Kevin McCarthy (R-CA) are set to meet on Monday to discuss the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/yellen-claims-some-areas-of-agreement-have-been-found-in-debt-ceiling-battle\/\" title=\"Yellen finds 'some agreement' in <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> fight.&#8221;>ongoing debt ceiling negotiations<\/a>. McCarthy stated that the decision to hold another round of face-to-face talks between the leaders came after a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-and-mccarthy-set-to-meet-after-productive-chat-on-debt-ceiling\/\" title=\"Biden and McCarthy to meet after positive discussion on debt ceiling.\">productive phone conversation<\/a> on Sunday as Biden returned from Japan. <\/p>\n<h3>Spending Cuts and Reforms<\/h3>\n<p>McCarthy emphasized the need to spend less money than last year, while the GOP-led House passed a bill that would allow the limit to be lifted by $1.5 trillion in exchange for spending cuts and reforms. The White House confirmed that the pair spoke by phone on Sunday and made arrangements to revive negotiations that had hit a snag leading into the weekend. <\/p>\n<h3>Time is Running Out<\/h3>\n<p>Time is running out to end the standoff between the White House and the GOP-led House. While some Democrats in Congress have pushed Biden to consider a \u201cPlan B,\u201d Republicans are focused on reaching an agreement with the White House. The Treasury Department has been enacting \u201cextraordinary measures\u201d since January when the United States hit its statutory limit of roughly $31.4 trillion, and has warned of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/navarro-the-2020-elections-has-had-dire-economic-consequences\/\" title=\"Navarro: The 2020 elections has had dire economic consequences\">dire economic consequences<\/a> if the country is unable to reach a deal to lift the debt ceiling. <\/p>\n<h3>Treasury Secretary Warns of Dire Economic Consequences<\/h3>\n<p>During an appearance on NBC, Treasury Secretary Janet Yellen warned that the federal government would likely no longer be able to meet all its financial obligations by mid-June. \u201cThere\u2019s always uncertainty about tax receipts and spending,\u201d Yellen said. \u201cAnd so it\u2019s hard to be absolutely certain about this, but my assessment is that the odds of reaching June 15th, while being able to pay all of our bills, is quite low.\u201d<\/p>\n<ul>\n<li>Biden and McCarthy to meet on Monday to discuss debt ceiling negotiations<\/li>\n<li>McCarthy emphasizes the need to spend less money than last year<\/li>\n<li>Time is running out to end the standoff between the White House and the GOP-led House<\/li>\n<li>Treasury Secretary warns of dire economic consequences if the country is unable to reach a deal to lift the debt ceiling<\/li>\n<\/ul>\n<p><strong>Click here to get the Daily Wire app for more updates on this developing story.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Biden and House Speaker McCarthy will meet on Monday to resume debt ceiling negotiations. McCarthy revealed that the decision to hold another round of talks came after a productive phone conversation while Biden was returning from Japan.<\/p>\n","protected":false},"author":1588,"featured_media":1935496,"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":[3620,10142,5487,10664,3663,3767,3994],"class_list":["post-1935495","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire","tag-biden","tag-ceiling","tag-debt","tag-discussion","tag-mccarthy","tag-meet","tag-positive"],"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\/1935495","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=1935495"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1935495\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1935496"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1935495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1935495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1935495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}