The White House on Friday said 'steady progress' is being made toward lifting the debt limit and avoiding a default.
“The president’s team informed him that steady progress is being made,” aofficial said. “The president directed his team to continue pressing forward for a bipartisan agreement and made clear the need to protect essential programs for hardworking Americans and the economic progress of the past two years as negotiations head into advanced stages.”
Mr. Biden attended some of Friday’s G-7 dinner but left early so he could receive an update from his debt ceiling negotiation team back in Washington, where it was morning, White House press secretary Karine Jean-Pierre said.optimism mirrors positive smoke signals from Capitol Hill one day earlier. Buoying the talks is the fact that both sides have appointed trusted negotiators that are seen as honest brokers.
House Republicans want at least $130 billion in immediate spending cuts. House Speaker Kevin McCarthy has said half of that money can be made up by rescinding more than $60 billion in unspent pandemic relief. Republicans also want to expand work requirements for welfare recipients, cap future federal spending and streamline the federal permitting process for energy projects. And they want to cancel more than $200 billion in green energy tax credits that Democrats passed last year as part of Mr.
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