President Joe Biden House Speaker Kevin McCarthy met face-to-face Wednesday for There is more to it than an hour of highly anticipated budget talks — “a good first meeting,” the new Republican leader said — but expectations were low for GOP lawmakers make rapid progress for To prevent a National Emergency, a Deal to Prevent a National Disaster is a steep cut debt limit crisis.

Biden Has resisted direct spending negotiations linked to vital action raising the nation’s legal debt ceilingThis warning is to avoid potentially causing chaos in the economy

McCarthy invited McCarthy to the White House in order to initiate the conversation. summer debt deadline. He said that the meeting was more successful than anticipated. The speakers agreed to meet once again and said that he would be hearing from the two of them. Biden soon.

“No agreement, no promises except we will continue this conversation,” McCarthy said this to reporters outside of the White House.

The president was told by he that he did not intend to raise it. debt ceiling Ohne Zugeständnisse von Democrats.

“I was very clear,” He said. “We’re not spending more next year than we spent this year.”

Also Biden’s response? McCarthy claimed that the president demanded a “clean debt ceiling” Vote against the cuts that Republicans want to budget.

“We both have different perspectives on this, but I thought this was a good meeting,” McCarthy spoke.

According to the White House, the President and Speaker had agreed to continue their conversation. President Obama made it clear that they are their responsibility. “shared duty” Do not permit a “catastrophic default,” According to the White House,

The House speaker was here for The afternoon session will not include a formal GOP budget proposal. But he is still laden with all the promises he made during his hard times to conservative Republican legislators. campaign to become House speaker. He vowed then to work to return federal spending to 2022 levels — an 8% reduction. He also promised to take steps to balance the budget within the decade — an Ambitious, even if unattainable politically

McCarthy stated that McCarthy told the President, “I would like to see if we can come to an agreement long before the deadline.”

Both political and economic stakes can be high for Both leaders have been a source of inspiration for others. cordial relationshipAnd for As they strive to eliminate a debt default.

Janet Yellen, Treasury Secretary to the Treasury, informed Congress last month that government was reaching the limit of its borrowing capacityWith congressional approval required to increase the amount, it would be $31 trillion ceiling To allow for more debt to pay off the nation’s already accrued bills. Yellen was able launch “extraordinary measures” This funding will be used temporarily to pay the bills and is due to expire in June.

“Everyone is asking the same question of Speaker McCarthy: Show us your plan. Where is your plan, Republicans?” Chuck Schumer (D-N.Y.), was the Senate Majority Leader, before the meeting began.

“For days, Speaker McCarthy has heralded this sitdown as some kind of major win in his debt ceiling talks,” Schumer claimed. Schumer added: “Speaker McCarthy showing up at the White House without a plan is like sitting down at the table without cards in your hand.”

The Raising of the debt ceiling is a once-routine vote in Congress that has taken on oversized significance over the past decade as the nation’s debt The toll is mounting. House Republicans, newly empowered by the majority want to enforce Biden Senate Democrats to budget cuts in exchange for a raise of the limit.

House Republicans met with each other privately before the White House meeting to discuss their policies. McCarthy met Tuesday night at Capitol with Senate Republican leader Mitch McConnell.

McConnell is a veteran of making deals with Biden During the last debt ceiling Ten years ago, there was a showdown. But the GOP leader of the Senate, in the minority party, says it’s up to McCarthy and the president to come up with a deal that would be acceptable to the new House majority.

McConnell continues to work from afar and is nudging Biden To negotiate.

“The president of the United States does not get to walk away from the table,” McConnell stated this in Senate remarks.

As past budget agreements have demonstrated, slashing the federal budget can be difficult.

After the a 2011 debt ceiling standoff Republicans and Democrats reached an agreement on broad-based federal budget cap caps that applied to both defense and domestic spending during Obama’s presidency for It took 10 years, but it was too long.

Both parties reached an agreement in the subsequent years to modify budget caps to preserve priority programs, after initial cuts. The cap was recently repealed, but Congress passed a $1.7 trillion spending bill last year. This caused new fury among fiscal hawks.

McCarthy reiterated his belief that no reductions would be proposed to Medicare or Social Security that are primarily funded by the government. for older Americans. However, other Republicans support cutting these as part of general belt tightening.

These mainstay programs along with Medicaid make up most of the federal budget and can be difficult to reduce politically, especially with an increasing number of people in the need of government services in Congress districts across the country.

Agreeing on the size and scope of the GOP’s proposed cuts will be a tall order for McCarthy struggles with building consensus in his small House Republican majority, and bridging the gap between his far-right and conservative wings.

McCarthy told reporters he’s not counting on Republican support alone and wants Democratic help to pass a deal in Congress. But relying on a bipartisan approach could bring a revolt from McCarthy’s hard-right flank of lawmakers who can threaten to oust him from his speakership.

After Wednesday morning’s closed-door House GOP briefing, several Republican lawmakers insisted they would not allow the negotiations to spiral into a debt crisis.

“Obviously, we don’t want to default on our debt. We’re not going to,” Rep. Warren Davidson of Ohio. “But we are going to have to have a discussion about the trajectory that we’re on. Everyone knows that it’s not sustainable.”

Representative Kevin Hern from Oklahoma was the chairman of Republican Study Committee. He also held an additional briefing for His group of 175 members makes up the majority of the House GOP Majority.

McCarthy was sent by Hern a letter outlining their principles for Prior to the White House meeting, budget cuts are made

The federal budget’s non-mandatory programs, in defense and domestic accounts, have also proven tough to trim.

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Report by Zeke Miller, Zeke Freking, and Kevin Freking of the Associated Press.

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