Debt ceiling talks continue; House leaves Washington for Memorial Day weekend

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Debt ceiling talks continue; House leaves Washington for Memorial Day weekend MSNBC
Congress could leave for Memorial Day weekend without debt limit deal CBS News
Wisconsin's House delegation trades barbs over debt ceiling as Congress recesses for weekend Milwaukee Journal Sentinel
US House adjourns for holiday weekend without debt ceiling deal The Guardian US
White House debt ceiling offer would cap spending for 2 years, rescind unspent COVID funds CBS News
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The White House said debt ceiling negotiators had "productive discussions" Thursday, although an agreement has not yet been reached. Follow here for live news updates. The White House said debt ceiling negotiators had "productive discussions" Thursday, although an agreement has not yet been reached. Follow here for live news updates.

Live updates: Debt ceiling negotiations continue as default deadline looms

U.S. President Joe Biden and top congressional Republican Kevin McCarthy on Thursday appeared to be nearing a deal to cut spending and raise the government's $31.4 trillion debt ceiling, with little time to spare to head off the risk of default.U.S. President Joe Biden and top congressional Republican Kevin McCarthy on Thursday appeared to be nearing a deal to cut spending and raise the government's $31.4 trillion debt ceiling, with little time to spare to head off the risk of default.

Biden, McCarthy appear near to deal on US debt ceiling as default looms | Reuters

Reasonable Republicans and Default Democrats - Speaker Kevin McCarthy

President Biden on Twitter: "I just concluded a productive meeting with Speaker McCarthy about the need to prevent default and avoid a catastrophe for our economy. We reiterated once again that default is off the table and the only way to move forward is in good faith toward a bipartisan agreement. While…" / Twitter

The White House on Twitter: "President Biden met with Speaker McCarthy today to discuss the need to prevent default and avoid a catastrophe for our economy. @POTUS reiterated that default is off the table and the only way to move forward is in good faith toward a bipartisan agreement. https://t.co/fFgrI17HrX" / Twitter

Bernie Sanders on Twitter: "In the coming days, decisions will be made with respect to our federal budget that could impact the lives of Americans for a decade. The debate we are having is about our national priorities. It is about what we value as a nation and whose side we are on. https://t.co/IdbjlEL1cR" / Twitter

Carl Quintanilla on Twitter: "“.. Tuesday is emerging as the likely day for a House vote.” ⁦@JenniferJJacobs⁩ https://t.co/QPkituaxIF" / Twitter

United States debt ceiling - Wikipedia

Failure to reach a deal on government spending and federal debt could lead to U.S. defaultFailure to reach a deal on government spending and federal debt could lead to U.S. default.

When Is the Debt Ceiling Deadline and What Happens if the Limit Isn’t Raised? - WSJ

Just a moment...

Republican lawmakers want the government to slash federal spending, which ballooned during the pandemic.Republican lawmakers want the government to slash federal spending, which ballooned during the pandemic.

Debt ceiling talks hinge on budget cuts. Here's what the U.S. spends money on. - CBS News

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President Biden has offered to freeze discretionary spending, including for defense. Republicans want to spend more for the military, and cut more elsewhere.

Military Spending Emerges as Big Dispute in Debt-Limit Talks - The New York Times

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House Republicans say raising the debt ceiling to avoid default is the only concession they will make. In return, they want a laundry list of GOP priorities.House Republicans say raising the debt ceiling to avoid default is the only concession they will make. In return, they want a laundry list of GOP priorities.

Debt ceiling news: Demands Republicans are making

Biden negotiating a debt ceiling with Kevin McCarthy was Harry Reid’s worst nightmare.

That Time Biden Was Banned From Negotiating With Republicans

President Biden says he could invoke constitution to order the Treasury to issue bonds and keep paying gov’t bills.President Biden says he could invoke constitution to order the Treasury to issue bonds and keep paying gov’t bills.

What is 14th Amendment and can it resolve US debt ceiling fight? | Business and Economy News | Al Jazeera

WASHINGTON (Reuters) -U.S. President Joe Biden and top Republican lawmaker Kevin McCarthy are edging close to a deal on the U.S. debt ceiling, with the parties just $70 billion apart on discretionary spending, according to a person familiar with the talks. What is likely to emerge will not be a hundreds-page long bill, something that could take lawmakers days to write, read and vote on, but a slimmed-down agreement with a few key numbers, this source and another person briefed on negotiations said. The expectation is that negotiators will hammer out top line numbers for discretionary spending, including a number for military spending, but leave lawmakers to hammer out the fine details of categories like housing and education through the normal appropriations process in the months ahead, the second source said.WASHINGTON (Reuters) -U.S. President Joe Biden and top Republican lawmaker Kevin McCarthy are edging close to a deal on the U.S. debt ceiling, with the parties just $70 billion apart on discretionary spending, according to a person familiar with the talks. What is likely to emerge will not be a hundreds-page long bill, something that could take lawmakers days to write, read and vote on, but a slimmed-down agreement with a few key numbers, this source and another person briefed on negotiations said. The expectation is that negotiators will hammer out top line numbers for discretionary spending, including a number for military spending, but leave lawmakers to hammer out the fine details of categories like housing and education through the normal appropriations process in the months ahead, the second source said.

Exclusive-Slimmed-down U.S. debt ceiling deal takes shape

Bloomberg - Are you a robot?

All 213 Democratic lawmakers in the U.S. House of Representatives support a “discharge petition” that could end the debt-ceiling standoff, House Minority...All 213 Democratic lawmakers in the U.S. House of Representatives support a “discharge petition” that could end the debt-ceiling standoff, House Minority...

House Democrats say they have 213 votes for ‘discharge petition’ option in debt-limit standoff - MarketWatch

A defiant House Speaker Kevin McCarthy says the debt ceiling standoff is “not my fault” after he sent Republican negotiators to the White House to finish out debt limit talks. But he's warning that the two sides need more time as they try to reach a budget deal with President Joe Biden. McCarthy says he remains optimistic they can make progress in hopes of an agreement before a deadline as soon as next week. That's when the Treasury Department could run out of cash to pay its bills. McCarthy vows, “We’re not going to default." The White House says Republicans have set in motion a “manufactured crisis” by pushing “extreme proposals” that would hurt “every single part of the country.”

McCarthy says debt ceiling standoff 'not my fault,' as White House warns of economic risks | AP News

The case for optimism vs. the case for pessimism on the chances of default, explained.The case for optimism vs. the case for pessimism on the chances of default, explained.

Debt ceiling negotiations: Are Republicans just posturing? Or is a deal really out of reach? - Vox

Both President Joe Biden and House Speaker Kevin McCarthy are speaking hopefully of the likelihood of an agreement to raise the government's debt limit and avert an economically chaotic federal...Both President Joe Biden and House Speaker Kevin McCarthy are speaking hopefully of the likelihood of an agreement to raise the government's debt limit and avert an economically chaotic federal default.

Debt ceiling talks teeter on the brink, as lawmakers leave town for weekend without a deal | The Seattle Times

The contours of a deal are taking shape even as negotiators say they remain divided with less than 10 days until potential furloughs or missed paychecks...The contours of a deal are taking shape even as negotiators say they remain divided with less than 10 days until potential furloughs or missed paychecks for feds.

A Federal Agency Budget Freeze Seems Likely at a Minimum, as Debt Deal Remains Elusive - Government Executive

Eight days away from a possible default on the national debt, House Speaker Kevin McCarthy (R) said, "it didn't seem like it would be this hard." The speaker briefed reporters on negotiations with the Biden administration on raising the nation's debt limit, stating that he was sending negotiators to the White House to finish talks and that there were a number of places on which they were "still far apart." He added, "I don't think there will be a default and I don't see how you'd blame Republicans," noting House Republicans are the only ones who approved a proposal to raise the nation's debt limit and cut federal spending.Eight days away from a possible default on the national debt, House Speaker Kevin McCarthy (R) said, "it didn't seem like it would be this hard." The speaker briefed reporters on…

House Speaker Kevin McCarthy News Conference on Debt Limit Talks | C-SPAN.org

Every House Democrat has endorsed the discharge petition to force a vote on legislation to hike the debt ceiling and prevent a default, party leaders announced Wednesday. The signatures of the two final holdouts — Reps. Jared Golden (D-Maine) and Ed Case (D-Hawaii) — puts the total number at 213, meaning Democratic leaders still need to find…Every House Democrat has endorsed the discharge petition to force a vote on legislation to hike the debt ceiling and prevent a default, party leaders announced Wednesday. The signatures of the two …

Democrats unanimously back debt ceiling discharge petition | The Hill

Wealth inequality, corporate profits show US economy out of touch with needs of Americans. Biden must resist GOP debt plan that would make problems worse.Wealth inequality, corporate profits show US economy out of touch with needs of Americans. Biden must resist GOP debt plan that would make problems worse.

Biden must resist Republican debt ceiling demands. Here’s what he needs to do instead | Fox News

The debt ceiling was "blown up" the moment Republicans realized it could be used as a cudgel against any Democratic president's ability to perform the duties of the office.

The Debt-Ceiling Crisis Is Christmas Morning for Ratfckers

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The United States government is weeks (if not days) away from a potential default, and Joe Biden is struggling to reach an agreement with House Republicans on raising the debt ceiling. Here’s how Biden could have avoided this mess. Yes and maybe not.

Is Joe Biden Botching the Debt Ceiling Fight?

The Administration is examining all its options to avoid a technical default should there be no agreement by the “X-Date.”

What Is Biden’s Endgame in the Debt-Ceiling Standoff? | The New Yorker

Everyone knows that inflation is the biggest economic concern facing Americans.

Republicans Are Winning the Debt-Ceiling Fight Because of Inflation | National Review

Just a moment...

Debt limit negotiations on Thursday morning had the feel of a deal starting to come together as House lawmakers headed home for the weekend.

Hopeful tone pervades debt ceiling talks ahead of long weekend - Roll Call

“Sorry, bud,” AOC clapped back at McCarthy after he took a shot at her. “The only person here holding the entire U.S. economy hostage because they’ve completely lost control is you.”“Sorry, bud,” AOC clapped back at McCarthy after he took a shot at her. “The only person here holding the entire U.S. economy hostage because they’ve completely lost control is you.”

House Progressives Tear Into McCarthy, GOP Over Debt Limit Negotiations | The New Republic

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President Biden on Thursday sought to reassure Americans that benefits for veterans and Social Security recipients would not be impacted by the looming threat of a default as negotiators struggle to come to a budget deal and raise the debt ceiling. “I’ve made clear time and again defaulting on our national debt is not an…President Biden on Thursday sought to reassure Americans that benefits for veterans and Social Security recipients would not be impacted by the looming threat of a default as negotiators struggle t…

Biden assures Americans on Social Security, VA as debt default date nears | The Hill

Speaker Kevin McCarthy said he’s directed his negotiating team “to work 24/7 to solve this problem.”

Debt ceiling talks teeter on the brink, lawmakers leave town | Honolulu Star-Advertiser

President Joe Biden is desperately maneuvering to avoid any serious spending restraints in debt-limit talks, but voters clearly don’t want the ceiling raised without cuts.Democrats went hog-wild with the nation's credit card for two years; now they're calling the folks who insist on some restraint "irresponsible." Did somebody remove all the mirrors from the White...

On debt ceiling, it’s not Biden vs. the GOP, but Biden vs. the voters

Democrats went hog-wild with the nation's credit card for two years; now they're calling the folks who insist on some restraint "irresponsible." Did somebody remove all the mirrors from the White...

On debt ceiling, it’s not Biden vs. the GOP, but Biden vs. the voters

House Speaker Kevin McCarthy told Republican lawmakers during a closed-door meeting that the White House was "dug in" on spending and tax increase demands.House Speaker Kevin McCarthy told Republican lawmakers during a closed-door meeting that the White House was "dug in" on spending and tax increase demands.

White House 'dug in' on demands in debt limit talks, McCarthy told House GOP: source | Fox Business

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