With a disastrous default potentially just weeks away, President Joe Biden and House Speaker Kevin McCarthy have apparently agreed to resume debt ceiling talks.
, and while it still lacked specifics, the four trillion dollars in deficit spending it proposed over the next decade would come at the expense of climate change initiatives, education, and through imposing work requirements on government aid recipients. “This bill is vague by design,”in a White House analysis of the GOP plan last month.
Still, in passing a budget, as Biden has called on him to do, McCarthy has gotten back to the negotiating table with the president, who has demanded a clean debt ceiling hike, separate from the spending debate. “America is not a deadbeat nation,” Bidenat a National Small Business Week event Monday. “We pay our bills, and we should do so without reckless hostage-taking from some of the MAGA Republicans in Congress.
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