{"id":1939694,"date":"2023-05-27T19:50:34","date_gmt":"2023-05-27T23:50:34","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/debt-ceiling-news-talks-continue-as-negotiators-close-in-on-a-deal\/"},"modified":"2023-05-27T19:56:01","modified_gmt":"2023-05-27T23:56:01","slug":"debt-ceiling-news-talks-continue-as-negotiators-close-in-on-a-deal","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/debt-ceiling-news-talks-continue-as-negotiators-close-in-on-a-deal\/","title":{"rendered":"Debt ceiling talks ongoing, deal near."},"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\">12<\/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-news-talks-continue-as-negotiators-close-in-on-a-deal%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=1939694&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>Negotiators Close to Finalizing Debt Ceiling Deal<\/h2>\n<blockquote><p>Negotiators are set to return to the Capitol on Saturday morning to continue talks over the debt ceiling, with officials indicating they are close to finalizing a deal just over a week before the country is expected to default on its loans.<\/p><\/blockquote>\n<p>Negotiators left the Capitol late Friday night without a final agreement, but President Joe Biden expressed confidence that lawmakers were \u201cvery close\u201d to a deal even as the White House continues to wrestle with House Republicans over certain provisions. Rep. Garret Graves (R-LA), one of House Speaker Kevin McCarthy\u2019s top negotiators, agreed that they were close to a deal but emphasized there are still outstanding issues that remain before legislation can be drafted. <\/p>\n<h3>Yellen Sets New Debt Ceiling &#8216;X-Date,&#8217; Giving Negotiators More Breathing Room<\/h3>\n<p>White House negotiators have been working with Republicans for weeks to iron out a deal as both parties have dug in their heels and refuse to budge on their top priorities. However, it appears that officials are close to a final proposal and aiming to release a proposal as early as Saturday afternoon. <\/p>\n<h3>Here\u2019s where things stand as negotiators work to complete a deal ahead of the June 5 deadline:<\/h3>\n<ul>\n<li>Permitting reforms out, but Republicans dig in on work requirements<\/li>\n<li>Sticking points remain<\/li>\n<li>Rank-and-file lawmakers unhappy with details<\/li>\n<\/ul>\n<p>Leaked details of the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/debt-ceiling-news-talks-continue-as-negotiators-close-in-on-a-deal\/\" title=\"Debt ceiling talks ongoing, deal near.\">proposed debt limit agreement show negotiators working<\/a> to satisfy Democratic demands to raise the debt ceiling while also meeting the GOP\u2019s desire to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-biden-mccarthy-debt-ceiling-fight-in-historical-perspective\/\" title=\"The Biden-McCarthy Debt-Ceiling Fight in Historical Perspective\">cut discretionary spending<\/a> and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/mccarthy-biden-admin-more-interested-in-defaulting-on-debt-than-negotiating\/\" title=\"McCarthy: Biden Admin More Interested in Defaulting on Debt Than Negotiating\">implement spending cuts<\/a>. <\/p>\n<p>As of Friday evening, negotiators reportedly agreed to nix permitting reforms for energy programs, which could anger some rank-and-file Republicans whose support will be crucial to get a deal through the House. Republican negotiators remain in a standoff with the White House over work requirements, which has been a main source of disagreement since talks began. <\/p>\n<p>Rep. Patrick McHenry (R-NC), a top negotiator for McCarthy, told reporters on Saturday morning that officials are still working through \u201ca narrow set\u201d of final issues that \u201chas to be dealt with,\u201d noting it\u2019s unclear when a final deal could be made. <\/p>\n<p>\u201cIt\u2019s hours or days, I don\u2019t know when,\u201d he said. \u201cWe\u2019ve had a long list for a long time. What I didn\u2019t anticipate is we\u2019d have a very short list for a very long time.\u201d <\/p>\n<h3>Treasury updates X-Date to June 5<\/h3>\n<p>Treasury Secretary Janet Yellen updated lawmakers on Friday that June 5 is the new predicted \u201cX-Date\u201d for when the country could become unable to make debt payments, giving negotiators four more days than initially anticipated to pass a deal. <\/p>\n<p>The new date comes as Republicans have publicly questioned Yellen\u2019s predictions, accusing the Biden administration official of manufacturing a timeline to accelerate a deal. However, McCarthy has remained adamant that he and his team are treating Yellen\u2019s timeline as an official deadline. <\/p>\n<p>\u201cI think this clarifies that our timeline is very tight,\u201d McHenry said. \u201cThe updated X-Date is a strong indication that June 5 is the day.\u201d <\/p>\n<h3>Sticking points remain<\/h3>\n<p>Despite the \u201cgreat progress\u201d touted by McCarthy this week, there remain a few sticking points that have prevented negotiators from shaking hands on a final deal. <\/p>\n<p>Among these holdout issues are work requirements, which the White House has indicated is a nonstarter in talks despite Republicans insisting they won\u2019t make a deal unless it is included. When asked by reporters on Friday whether Republicans would cut work requirements to come to an agreement, Graves said: <strong>\u201cHell no.\u201d<\/strong><\/p>\n<p>\u201cThe work requirements 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> would apply only to able-bodied adults with no dependents and is a non-starter in any compromise with the White House to raise the debt limit. <\/p>\n<h3>Rank-and-file lawmakers unhappy with details<\/h3>\n<p>Getting a deal finalized is only the first step in the legislative battle, as party leaders will then need to go back to their rank-and-file to sell the agreement as a winning arrangement. <\/p>\n<p>Several lawmakers on both sides of the aisle have already expressed their opposition to the debt ceiling deal even before the details have been finalized, with some threatening to vote against the measure if it doesn\u2019t meet their demands. <\/p>\n<p>Republican negotiators are getting an early start to sell the deal to their caucus, with GOP leaders holding a whip call on Friday night to discuss strategies on how they\u2019ll get members on board in order to push the legislation through the House. <\/p>\n<h3>What comes next?<\/h3>\n<p>Negotiators are hoping to finalize a deal and get legislative text released as soon as possible, after which the bill must be available for review for at least 72 hours before being considered for a vote under House rules. Once the text is posted, the clock will begin counting down, meaning a vote could conceivably take place as early as Tuesday evening if a deal is made on Saturday. <\/p>\n<p><a href=\"https:\/\/www.washingtonexaminer.com\/\">CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER<\/a><\/p>\n<p>The last-minute time crunch comes as the House broke for recess on Thursday afternoon for the holiday weekend, with some Democrats grumbling that lawmakers should stay in Washington until a deal is made. McCarthy said he would remain in Washington for the weekend to continue working on a deal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Negotiators will resume talks on the debt ceiling at the Capitol on Saturday morning. Officials suggest they are close to reaching a deal, just over a week before the country defaults on its loans. Negotiators left the Capitol on Friday night without a final agreement. President Biden is closely monitoring the situation.<\/p>\n","protected":false},"author":1,"featured_media":1939695,"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":[10142,3715,5487,5838,4085,3745],"class_list":["post-1939694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-ceiling","tag-deal","tag-debt","tag-near","tag-ongoing","tag-talks"],"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\/1939694","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=1939694"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1939694\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1939695"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1939694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1939694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1939694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}