.POTUS issued yet another warning to congressional Republicans ahead of his Tuesday meeting with SpeakerMcCarthy, reiterating that 'default is not an option.' SenSchumer, RepJeffries and LeaderMcConnell will also attend the meeting.
President Joe Biden issued yet another warning to congressional Republicans ahead of his Tuesday meeting with House Speaker Kevin McCarthy , reiterating that"default is not an option."
Biden and McCarthy will be joined by Senate Majority Leader Chuck Schumer , House Minority Leader Hakeem Jeffries , and Senate Minority Leader Mitch McConnell for the group's second meeting on the debt ceiling in as many weeks.
"Since taking office we've seen bigger jobs gains in two years than any president has in four. But if House Republicans push us into default, 8 million jobs could be lost — destroying our economic progress," Biden tweeted Tuesday morning."It's clear: Default is not an option."But if House Republicans push us into default, 8 million jobs could be lost – destroying our economic progress.
Reporting indicates that the president is open to agreeing to some federal spending caps and stricter work requirements for certain entitlement programs in exchange for a two-year increase to the debt limit and protections for his legislative accomplishments, many of which would be rolled back by McCarthy's House-passed plan.
McCarthy's own comments on Monday to reporters that"no progress" had been made during the staff-level talks would indicate the two sides are not close to a compromise.
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