As debt ceiling talks stalled between the four leaders in Congress and President Joe Biden, Speaker Kevin McCarthy (R-CA) traveled to the White House to meet with the president one-on-one.
Biden, who was scheduled to leave for Japan the next day, and McCarthy agreed to name a team of negotiators to meet and discuss a deal to raise the debt ceiling. The president would choose Steve Ricchetti, his senior adviser, and Shalanda Young, the director of the Office of Management and Budget. McCarthy would choose Rep. Garret Graves as his lead negotiator and Rep. Patrick McHenry .
McHenry, the House Financial Services Committee Chairman, wasn’t brought into the negotiations until later in the process following a meeting with McCarthy and Graves. Both McHenry and Graves had gotten close during the Speaker’s race in January when they were trying to win over McCarthy’s holdouts, and they knew how to work together.
While McCarthy continued to talk optimistically about the negotiations, saying they were “productive” and going to keep working, there were moments when things didn’t look bright. There was another tense moment closer to the"X-date" when McCarthy got upset with Ricchetti and started cursing at him, saying the White House needed to get serious.
And on the other side, the White House originally said work requirements and permitting reform were a nonstarter, but both of those made it into the final bill after much negotiating. Biden started to express an openness to some form of work requirements earlier in the process, but permitting reform really held things up.
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