{"id":1940284,"date":"2023-05-29T09:10:02","date_gmt":"2023-05-29T13:10:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-defends-reaching-compromise-debt-limit-deal-amid-bipartisan-detractions\/"},"modified":"2023-05-29T09:11:47","modified_gmt":"2023-05-29T13:11:47","slug":"biden-defends-reaching-compromise-debt-limit-deal-amid-bipartisan-detractions","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-defends-reaching-compromise-debt-limit-deal-amid-bipartisan-detractions\/","title":{"rendered":"Biden defends debt limit compromise despite bipartisan criticism."},"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\">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%2Fbiden-defends-reaching-compromise-debt-limit-deal-amid-bipartisan-detractions%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=1940284&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 Defends Tentative Deal with McCarthy to Raise Debt Ceiling<\/h2>\n<blockquote>\n<p>&#8220;We&#8217;ve got good news,&#8221; Biden said from the White House on Sunday evening. &#8220;I spoke with Speaker McCarthy and we&#8217;ve reached a bipartisan agreement that we&#8217;re ready to move to the full Congress.&#8221;<\/p>\n<\/blockquote>\n<p>President Joe Biden has defended his tentative deal with House Speaker Kevin McCarthy (R-CA) to raise the debt ceiling, calling it &#8220;good news&#8221; for the country. The deal, which was reached on Saturday evening, would raise the debt ceiling for two years and enact spending cuts to avert a debt default. However, the deal has faced criticism from both progressives and hard-line conservatives.<\/p>\n<h3>The Details of the Deal<\/h3>\n<p>The deal would roll back non-defense discretionary spending to Fiscal Year 2022 levels and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/party-leaders-face-daunting-task-of-selling-debt-limit-deal-to-dissatisfied-congress\/\" title=\"Leaders must sell debt limit deal to unhappy Congress.\">cap top-line federal spending<\/a> to one-percent annual growth over the next six years. The debt ceiling would be raised until January of 2025, and nearly $29 billion in unspent COVID relief funds would be clawed back. Work requirements would also be added to the Temporary Assistance for Needy Families program and the Supplemental Nutrition Assistance Program up to age 54. The deal would also claw back the $1.9 billion appropriated to the Internal Revenue Service for the 87,000 new agents, implement a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-and-mccarthys-tentative-deal-raises-debt-ceiling-until-2025\/\" title=\"Biden and McCarthy agree to raise debt ceiling until 2025.\">temporary 99% continuing resolution cap<\/a> until all 12 appropriations bills are passed, and would <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-pauses-student-loan-repayment-until-2022\/\" title=\"Biden Pauses Student Loan Repayment Until 2022\">restart student loan payments<\/a> in 60-days.<\/p>\n<h3>Biden&#8217;s Defense of the Deal<\/h3>\n<p>Despite the criticism, Biden has defended the deal, stating that it takes the threat of catastrophic default off the table and protects the country&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-defends-reaching-compromise-debt-limit-deal-amid-bipartisan-detractions\/\" title=\"Biden defends debt limit compromise despite bipartisan criticism.\">hard-earned economic recovery<\/a>. He also emphasized that the agreement represents a compromise, and that no one got everything they wanted. When asked about concerns from Democrats that he gave away too much in negotiations with McCarthy, Biden replied, &#8220;They&#8217;ll find I didn&#8217;t.&#8221; He also dismissed claims that the deal would cause hunger for poorer Americans as &#8220;a ridiculous assertion.&#8221;<\/p>\n<p>The debt ceiling will need to be raised or abolished next month to avert a default, and economists have warned that such a default would wreak havoc on the economy. Treasury Secretary Janet Yellen has stated that the United States will be unable to pay its bills by June 5.<\/p>\n<p>Overall, the tentative deal between Biden and McCarthy has been met with mixed reactions. While it may avert a debt default, it has also faced criticism for its spending cuts and work requirements. Only time will tell if the deal will ultimately be passed by Congress.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Biden hailed the tentative deal with House Speaker McCarthy to avoid a debt default as &#8220;good news&#8221; for the country, despite facing criticism from both parties. The agreement, reached on Saturday, would raise the debt ceiling for two years and includes spending cuts.<\/p>\n","protected":false},"author":1,"featured_media":1940285,"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":[3620,3667,7304,7375,5487,4549,6612],"class_list":["post-1940284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-biden","tag-bipartisan","tag-compromise","tag-criticism","tag-debt","tag-defends","tag-limit"],"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\/1940284","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=1940284"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1940284\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1940285"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1940284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1940284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1940284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}