President Biden and House Speaker McCarthy met at the White House amid a looming showdown over raising the debt ceiling, their first meeting alone since Republicans took control of the House and McCarthy claimed the speaker's gavel.
Their conversation took place as tensions between the parties are on the rise over the debt ceiling, although the White House said they covered a"range of issues." McCarthy characterized their meeting as"good," and said they focused on the debt ceiling and spending.
While Republicans and Mr. Biden have said the U.S. must not default on its financial obligations, they are at odds over how to deal with the need to increase the nation's borrowing limit. "I want to find a reasonable and a responsible way that we can lift the debt ceiling but take control of this runaway spending," the speaker said.
Mr. Biden is set to release his budget for the federal government on March 9, and Deese and Young said it's"essential" that McCarthy release his own proposal so Americans can see how Republicans intend to reduce the deficit. Ahead of McCarthy's White House meeting, Republican Senate Minority Leader Mitch McConnell said it's reasonable for the speaker to demand reductions in federal spending.
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President Joe Biden, House Speaker Kevin McCarthy meet face-to-face on debt crisis worriesPresident Joe Biden and House Speaker Kevin McCarthy met face-to-face Wednesday for more than an hour of highly anticipated spending talks.
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President Joe Biden, House Speaker Kevin McCarthy meet face-to-face on debt crisis worriesPresident Joe Biden and House Speaker Kevin McCarthy met face-to-face Wednesday for more than an hour of highly anticipated spending talks.
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President Joe Biden, House Speaker Kevin McCarthy meet face-to-face on debt crisis worriesPresident Joe Biden and House Speaker Kevin McCarthy met face-to-face Wednesday for more than an hour of highly anticipated spending talks.
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President Biden, House Speaker Kevin McCarthy meet face-to-face on debt crisis worriesPresident Joe Biden and House Speaker Kevin McCarthy met face-to-face for more than an hour of budget talks but expectations were low for quick progress as GOP lawmakers push for steep cuts in a deal to prevent a national debt limit crisis.
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