{"id":1938803,"date":"2023-05-26T12:23:12","date_gmt":"2023-05-26T16:23:12","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/debt-ceiling-talks-heres-where-things-stand-less-than-one-week-before-default-deadline\/"},"modified":"2023-05-26T12:25:40","modified_gmt":"2023-05-26T16:25:40","slug":"debt-ceiling-talks-heres-where-things-stand-less-than-one-week-before-default-deadline","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/debt-ceiling-talks-heres-where-things-stand-less-than-one-week-before-default-deadline\/","title":{"rendered":"Debt ceiling talks: Status update before default deadline."},"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%2Fdebt-ceiling-talks-heres-where-things-stand-less-than-one-week-before-default-deadline%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=1938803&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 Ceiling Negotiations: Where Things Stand<\/h2>\n<blockquote>\n<p><span class=\"ArticlePage-articleBody-firstLetter\">T<\/span>he House is <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/news\/house\/house-democrats-oppose-recess-as-default-deadline-looms\" target=\"_blank\" rel=\"noopener\">on recess<\/a>, and Republican negotiators left the Capitol late Thursday night <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/news\/house\/white-house-not-budging-work-requirements-causing-impasse\" target=\"_blank\" rel=\"noopener\">without a finalized deal<\/a> on the debt ceiling. Still, several officials have indicated they\u2019re closing in on a deal, expressing optimism they can get something worked out before the default deadline in six days.<\/p>\n<\/blockquote>\n<p>Despite the looming deadline, negotiators are making progress on a deal to raise the debt ceiling and cut spending. Leaked details of the proposed agreement show that both parties are working to meet each other&#8217;s demands. However, there are still some sticking points that need to be resolved before a final deal can be reached.<\/p>\n<h3>What&#8217;s in the Proposed Deal?<\/h3>\n<blockquote>\n<p><b>WHITE HOUSE NOT BUDGING ON WORK REQUIREMENTS, CAUSING AN IMPASSE IN NEGOTIATIONS<\/b><\/p>\n<\/blockquote>\n<p>The proposed deal would lift the debt ceiling for the next two years while <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/michael-barone-volodymyr-zelensky-transforms-germany-and-europe\/\" title=\"Michael Barone: Volodymyr Zelensky Transforms Germany \u2014 and Europe\">keeping defense spending<\/a> at the levels proposed by President Joe Biden. This would allow Republicans to say they <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/u-s-national-debt-tops-31-trillion\/\" title=\"U.S. National Debt Tops  Trillion\">reduced federal spending<\/a>, while Democrats can say they <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/debt-ceiling-talks-heres-where-things-stand-less-than-one-week-before-default-deadline\/\" title=\"Debt ceiling talks: Status update before default deadline.\">salvaged key domestic programs<\/a>, such as military and veterans\u2019 benefits, from experiencing drastic cuts. The final deal is also expected to include incentives for lawmakers to pass all 12 of its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elizabeth-warrens-controversial-financial-agency-unconstitutional-court-rules\/\" title=\"Elizabeth Warren\u2019s Controversial Financial Agency Unconstitutional, Court Rules\">annual spending bills<\/a> by the end of the year.<\/p>\n<h3>Sticking Points Remain<\/h3>\n<p>Despite the progress made, there are still some sticking points that need to be resolved. One of the main issues is work requirements for welfare programs, which House Republicans are trying to put in the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democrats-unveil-government-funding-debt-ceiling-bill-that-gop-has-vowed-to-oppose\/\" title=\"Democrats Unveil Government Funding, Debt Ceiling Bill That GOP Has Vowed To Oppose\">debt ceiling bill<\/a>. This is a nonstarter for the White House and could prevent a final deal from being reached.<\/p>\n<h3>Rank-and-File Lawmakers Unhappy with Details<\/h3>\n<p>Even if a deal is reached, party leaders will need to sell the agreement to rank-and-file lawmakers. However, several lawmakers on both sides of the aisle have already expressed their opposition to the deal, with some threatening to vote against it if it doesn\u2019t meet their demands.<\/p>\n<h3>What Comes Next?<\/h3>\n<p>Negotiators are hoping to finalize a deal by the end of Friday or Saturday at the latest. After that, lawmakers will take one or two days to write the legislation. The earliest a vote could take place in the House is Wednesday, just one day before the default deadline. After that, the legislation will be passed to the Senate, where it could take a few days before it\u2019s passed and sent to Biden\u2019s desk for his signature.<\/p>\n<p>With the clock ticking, it remains to be seen whether a deal can be reached in time to avoid a default. Stay tuned for updates.<\/p>\n<h3>Click here to read more from the Washington Examiner<\/h3>\n","protected":false},"excerpt":{"rendered":"<p>Republican negotiators left the Capitol without a finalized deal on the debt ceiling as the House is on recess. However, officials are optimistic they can reach an agreement before the default deadline in six days. The White House is also involved in negotiations.<\/p>\n","protected":false},"author":1,"featured_media":1938804,"comment_status":"open","ping_status":"closed","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":[538],"tags":[10142,15402,5487,15651,5026,3745,5002],"class_list":["post-1938803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-ceiling","tag-deadline","tag-debt","tag-default","tag-status","tag-talks","tag-update"],"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\/1938803","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1938803"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1938803\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1938804"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1938803"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1938803"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1938803"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}