McCarthy Sees 'Common Ground' After Biden Debt Ceiling Meeting
President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) met to discuss the debt ceiling on Wednesday, with McCarthy stating after the meeting that he was confident they could come to an agreement.
The Details: Both sides have agreed to further negotiations following this first indication of how Biden and McCarthy might work together to resolve the debt ceiling standoff. Republicans have called for spending cuts to accompany any debt ceiling hike. Some Democrats frame raising the debt ceiling as a routine congressional duty.
Key Quote: "I can see where we can find common ground," McCarthy told reporters Wednesday outside the White House. The White House said that Biden told McCarthy he was eager to work with Republicans "in good faith."
For Context: On January 19, the federal government's authority to issue new debt expired, and the Treasury Department began measures to prevent a default on paying the government's bills. The measures include suspending new investments in government pension programs until early June 2023. A similar situation occurred in 2011, when Congressional Republicans opposed President Barack Obama's push to raise the debt ceiling. Congress ultimately voted to raise the debt ceiling that year, two days before the deadline.
How the Media Covered it: Headlines from sources across the political spectrum mentioned McCarthy's "common ground" remark.
Featured Coverage of this Story
From the LeftAfter high-stakes meeting with Biden, McCarthy says 'common ground' possible
President Joe Biden and House Speaker Kevin McCarthy met in the Oval Office for more than hour Wednesday, and afterward McCarthy called it a "good first meeting," suggesting the two men might find a compromise over spending.
At the same time, he said there were "no agreements" and "no promises" made.
The highly anticipated meeting, the first the two men have held since McCarthy narrowly won the speakership last month, comes amid an ongoing standoff over the national debt limit.
"I think, at the of the day, we can find...
From the CenterMcCarthy: We can find 'common ground' with Biden over U.S. debt ceiling
President Joe Biden and Republican House Speaker Kevin McCarthy held initial talks on Wednesday about raising U.S. government borrowing limits in a first test of how the two will work together, with both sides agreeing to talk more.
The White House said after the meeting that Biden told McCarthy he was eager to work with Republicans "in good faith." McCarthy said the two men could find common ground. But, as expected, there was no sign of an immediate breakthrough.
"The president and I had a good first meeting," McCarthy told reporters after...
From the RightMcCarthy sees 'common ground' after first debt ceiling meeting with Biden
House Speaker Kevin McCarthy (R-CA) emerged from his meeting with President Joe Biden confident there is "common ground" between them regarding raising the debt ceiling.
McCarthy described his first sit-down with Biden as president as "good," saying the pair agreed "to continue the conversation." The speaker added there is "an opportunity here to come to an agreement on both sides" "long before the deadline."
"I can see where we can find common ground," he told reporters Wednesday outside the White House.
McCarthy declined to provide details concerning potential cuts and...