President Joe Biden on Sunday swipe out According to the demands of the Republicans in negotiations resolve United State debt The standoff in the ceiling called it “frankly unacceptable”, but said a solution was still possible found before a catastrophic payback.
He speaks in conclusion news conference just Before departing from the summit of the Group of Seven major industrialized nations in Hiroshima, Japan, said Biden Republicans in A must for the American House move off their “extreme positions” on Discontinued conversations now over Raise America debt Limit and that there will be no agreement to avoid catastrophic default only on they terms.
Trying to get negotiations back on track, Biden intends call Speaker of the United States House of Representatives Kevin McCarthy, R-Calif., from Air Force One on the way back to Washington.
World leaders at the meeting expressed their concern over the tragedy global Repercussions if the US is unable to meet its needs financial Commitments.
“it is time for Republicans must accept that there is no bipartisan deal made only, only, on Supporters of their terms “The president said he did his part,” Biden said in Try to raise the borrowing limit even the United States government It can continue to pay its bills, by agreeing to deep discounts in spending. “Now is the time for other side to move from their extreme position.
Biden was scheduled to travel from Hiroshima to Papua New Guinea and Australia, but cut his trip short in light of Tense negotiations with Capitol Hill.
My guess is he’s going want to deal directly with I in to prepare sure all of us on On the same page, Biden said about McCarthy before their expected conversation. The president said a settlement was still within reach, despite their differences.
“I hope Speaker McCarthy will be, too just Waiting for negotiation with me when I get home “I’m waiting to find it out. “
GOP lawmakers are holding tight to the demands for Sharp spending cuts and rejection of alternatives proposed by the White House for Reducing the deficit.
McCarthy tweeted on Saturday that the White House was “moving backwards in negotiations.” The spokesperson argued that Biden “would rather be first president in history to default on the debt From to risk Harassment of the radical socialists who calls the shots for Democrats now.”
Republicans want work requirements on Medicaid health care programalthough the Biden administration has hit back millions of people can lose coverage. the Republican Party also foot new Reduce food aid by restricting ability Waiver work requirements in Places with High unemployment rate. This idea, when it was brought up under President Donald Trump, was appreciated cause 700,000 people to lose their nutritional benefits.
Republican legislators also Find discounts in tax authority money And the White House is asked to accept the parts of Proposed immigration reform.
The White House responded with a hold defense Non-defense spending is steady next yearwhich will save 90 billion dollars in 2024 budget year and $1 trillion over 10 years.
Biden said, though he said, “I think we can come to an agreement.” added This is about Republicans: “I can’t guarantee They won’t force default by doing something outrageous.”
It was Republican also The White House rejected proposals to increase revenue in in order to further reduce the deficit. Among the proposals the GOP objects to are policies that would enable Medicare to pay less for Prescription drugs and conclusion of Twelve tax loopholes. Republicans refused to roll back Tax breaks under Trump on Wealthy companies and families belong to Biden budget have suggested.
However, Biden insisted, “The revenue is not off Table.”
Consider the constitutional invocation power
For months, Biden refused to get involved in talks over the debt Limit, considering it Republicans in Congress was trying use Borrowing limit vote as a means of pressure to extract administrative privileges on last policy priorities.
but with The US Treasury says it is possible run out of cash like soon Like June 1, Republicans will create their own legislation on At the table, the White House launched the talks on a budget Deal can accompany an increase in the debt Limit.
the decision to set up a call with McCarthy came after another startStop today with There are no external signs of progress. The food was brought to the negotiating room of the Capitol on Saturday morning, only to be whisked away hours Later. However, talks could resume later on Sunday after the Biden-McCarthy conversation.
Biden tried to reassure the leaders who attended the meeting of the world’s most powerful Democracies that the United States will not lag behind. US officials said the leaders were concernedbut he is fairly confident that Biden and US lawmakers will resolve the crisis.
The Democratic president said he was looking into a vague constitutional provision in Fourteenth Amendment, which provides that validity of public debt “shall not be questioned” – potentially authorizing the president to circumvent congress and raise debt roof itself.
“I think we have the power. The question is can it be done and called up in time,” indicating the possibility of this of legal challenges To this and quickly approach debt Delivery time.