House Speaker Kevin McCarthy says negotiators have 'made progress' on a deal with the White House to raise the nation's debt limit, avert default and cut federal spending.
From President Joe Biden, Speaker of the House Kevin McCarthy and Irish Taoiseach Leo Varadkar depart the U.S. Capitol after lunch in Washington, D.C. House negotiators are making progress toward an agreement with the White House to raise the nation's debt ceiling, racing to close out a deal ahead of a looming deadline to avert a potentially catastrophic government default, Republican Speaker Kevin McCarthy said Friday.
A person familiar with the talks said the two sides are "dug in" on whether or not to agree to Republican demands to impose stiffer work requirements on people who receive government food stamps, cash assistance and health care aid, some of the most vulnerable Americans. Biden will also be away this weekend, departing Friday for the presidential retreat at Camp David, Maryland, and Sunday for his home in Wilmington, Delaware. The Senate is on recess and will return after Memorial Day.
On work requirements for the aid recipients, the White House is particularly resisting measures that would drive Americans into poverty or take their health care, said the person familiar with the talks, who was granted anonymity to describe behind-closed-door discussions.
Pressure is bearing down on McCarthy from the House's right flank not to give in to any deal, even if it means blowing past the June 1 deadline.McCarthy said Donald Trump, the former president who is again running for office, told him, "Make sure you get a good agreement." Meanwhile, Fitch Ratings agency placed the United States’ AAA credit on "ratings watch negative," warning of a possible downgrade.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Republican lawmakers, House Freedom Caucus demand Kevin McCarthy hold the line on debt ceiling negotiationsMembers of the right-wing House Freedom Caucus and other GOP lawmakers are pressuring Speaker Kevin McCarthy (R-Calif.) to stand firm in debt ceiling negotiations with President Biden.
Weiterlesen »
McCarthy tempers expectations on debt limit deal: ‘Won’t solve all the problems’.SpeakerMcCarthy appeared to temper expectations for conservatives as he negotiates spending cuts with the White House in order to raise the nation's debt ceiling. 'One thing I will tell people is this still won't solve all the problems,' McCarthy said.
Weiterlesen »
Democrat questions Biden's debt ceiling talks with 'economic terrorists'A deal was still not struck between the White House and House Speaker Kevin McCarthy on Thursday before House lawmakers headed for holiday recess.
Weiterlesen »
McCarthy sends team to White House ‘to finish up’ debt limit dealHouse Speaker Kevin McCarthy said Wednesday he was sending his negotiators to the White House and he anticipated a breakthrough on a deal to cut spending and raise the debt limit.
Weiterlesen »
Durbin: Speaker McCarthy is 'playing political poker' in debt ceiling standoffLawmakers in Washington have just one week to raise the debt ceiling or risk defaulting on the U.S. debt for the first time in history.
Weiterlesen »