Biden and McCarthy Accuse Each Other of Threatening Economy as Debt Ceiling Standoff Continues
Summary from the AllSides News Team
The White House rebuffed House Speaker Kevin McCarthy after he released a letter calling for more robust negotiations on spending cuts and the debt ceiling. Each accused the other of putting the U.S. economy in jeopardy.
Key Quotes: Addressing President Joe Biden, McCarthy wrote that he was “incredibly concerned that you are putting an already fragile economy in jeopardy by insisting upon your extreme position of refusing to negotiate any meaningful changes to out of control government spending.” In response, White House Press Secretary Karine Jean-Pierre said, “It’s time for Republicans to stop playing games, pass a clean debt ceiling bill, and quit threatening our economic recovery,” pointing to previous congressional votes to raise the debt limit “without conditions.”
For Context: Because deficit spending keeps expanding the national debt, Congress has periodically raised or suspended its debt limit over 100 times since WWII to keep paying the government’s bills. Today, House Republicans are using their new majority to demand spending cuts as a prerequisite for raising the debt ceiling. However, the Biden administration is refusing to budge, pointing to the danger of a debt default and Congress’ past approval of debt ceiling increases.
How the Media Covered It: Coverage was common in major news outlets across the spectrum Tuesday afternoon. However, more niche outlets like Vice (Left bias) and The Daily Wire (Right bias) did not immediately appear to cover the story. Coverage tended to prominently feature McCarthy’s comments regardless of bias rating.
Featured Coverage of this Story
From the CenterMcCarthy to Biden on debt limit: ‘You are on the clock’
Speaker Kevin McCarthy on Tuesday wrote to President Joe Biden asking him to set a date for their next negotiating meeting on the debt limit by the end of the week.
The California Republican reiterated that his conference is set on pairing any debt limit increase with policies that would cut spending, save taxpayers money and spur economic growth, while offering four examples of the types of proposals he and Biden could discuss.
McCarthy’s examples, which he stressed were not exhaustive, included cutting nondefense discretionary spending to “pre-inflationary” levels and limiting out-year...
From the RightKevin McCarthy outlines broad goals for debt limit talks with Biden
House Speaker Kevin McCarthy presented on Tuesday a set of broad goals that would need to be met in exchange for raising the debt limit.
Mr. McCarthy, California Republican, outlined the priorities in a letter to the White House urging President Biden to start official negotiations on raising the cap for how much the federal government can borrow to meet expenses.
“I am incredibly concerned that you are putting an already fragile economy in jeopardy by insisting upon your extreme position of refusing to negotiate any meaningful changes to out-of-control government spending,” the speaker wrote.
Mr. McCarthy said any...
From the LeftKevin McCarthy tells Biden time is running out to negotiate spending cuts to raise the debt ceiling — even as Republicans have yet to put forth a concrete plan
As the US inches closer to a default on its debt, Kevin McCarthy has some stern words for the president on how to avoid that outcome.
On Tuesday, the Republican speaker of the House sent a letter to President Joe Biden urging him to negotiate spending cuts to raise the debt ceiling. McCarthy and Biden met to discuss the topic in February, but since then, Biden has remained adamant that raising the debt ceiling, and keeping the US on top of paying its bills, should be a clean — and bipartisan — deal.