.POTUS, whom allies frequently prop up as a unifying political leader, is currently in Hiroshima for the G-7 leaders summit, but his hand-selected team had plans to continue negotiations with SpeakerMcCarthy's own negotiators through the weekend.
Questions abound about President Joe Biden's ability to coax congressional Republicans into a debt limit agreement despite"good faith" efforts put forth by White House negotiators and the president's own stated desire for a bipartisan solution.
Republicans, however, have asserted that the White House and Democrats are playing hardball and not seriously considering cuts proposed by the GOP, specifically the two-year caps that would limit federal spending to 2022 levels. A White House source told the Washington Examiner that the president's team believes it is being reasonable in pursuing both Biden's priorities and a bipartisan solution. That person stated that the administration negotiators are closely aligned with Democrats on the issue.
"President Biden has more than 40 years of Congressional experience to draw on here. You've seen it on display throughout several bipartisan legislative victories during his time in office, including the CHIPS and Science and the Safer Communities Act," one official said."Republicans are playing a game of chicken with the economic future of the nation, but we have full confidence in the president and his team can safely avoid a default.
The White House has extensively studied the issue and deemed that declaring the debt limit unconstitutional could spark a legal battle that aides fear could be overturned in the courts, leaving the country in an even more precarious financial position later in the year.
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