It'll be their first sit-down since Kevin McCarthy became house speaker.
Biden himself has scoffed at the idea of negotiating spending cuts, that Republicans were “genuinely serious about cutting Social Security, cutting Medicare.”
On Sunday, when McCarthy was asked if he would push cuts to those programs, he said, “Let’s take those off the table.” Pressed on possible defense cuts that he may have promised to House conservatives, McCarthy responded: “I want to eliminate waste wherever it is. ... I want to look at every single department.
McCarthy pointed to Biden’s previous experience in trying to negotiate spending cuts and said he’s hopeful the president will be open to listening again.In an Associated Press interview last weekend, Treasury Secretary Janet Yellen said she expected Congress would ultimately vote to raise the limit. But she said GOP demands for spending cuts in return for backing an increase were “a very irresponsible thing to do” and risk creating a “self-imposed calamity” for the global economy.
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