![]() ![]() The sources did not specify what those tools are.Īdeyemo reiterated Sunday that the US “can’t” default on its debt but declined to provide details on areas of agreement. Negotiators recognize they will likely need to have an outline of a deal by the end of the week to ensure a bill can pass through Congress by June 1, the sources said, but they also think there are potential congressional tools that can be used to speed up the process if needed. White House spokesperson Michael Kikukawa later elaborated on the president’s answer, saying in a statement that Biden would evaluate the GOP proposals guided by the principle that they would “not take away people’s health coverage” or “push Americans into poverty.” He said he has voted in the past for “tougher aid programs” that are now law but “for Medicaid, it’s a different story.” It’s become increasingly clear that some spending cuts must be included for a deal to materialize, one of the sources said, and that point of discussion has been the main sticking point in negotiations so far.īiden said Sunday that he was waiting to hear Republicans’ exact proposals on work requirements for certain government aid programs. “That’s my plan as it stands now,” he told reporters in Rehoboth Beach. Biden also confirmed Sunday that he expects to depart Wednesday for Hiroshima, Japan, for the G7 summit. There is still not a clear path forward to avoid a default with just four more days before June 1 when both the House and Senate are scheduled to be in session. 'Every family should be concerned' about debt ceiling, consumer watchdog warns ![]() “We’re working on it right now,” he said in brief remarks to reporters as he completed a bike ride in Rehoboth Beach, Delaware. Tuesday’s meeting, which has not yet been officially confirmed, according to the sources, comes after a planned Friday meeting was postponed as the staff-level talks continued.ĭeputy Treasury Secretary Wally Adeyemo told CNN’s Dana Bash on “State of the Union” on Sunday that talks between the two sides have been “constructive.”īiden, Adeyamo said, “looks forward to getting together with the leaders to talk about how we continue to make progress.”īiden himself indicated on Sunday that he expected principal-level debt ceiling discussions to take place Tuesday. Negotiators have been able to pinpoint some areas on which congressional staff and the White House can find common ground, including revising the permitting process, rescinding unspent Covid-19 relief funds and potentially cutting spending, the sources said.īiden and the top four congressional leaders – House Speaker Kevin McCarthy, House Minority Leader Hakeem Jeffries, Senate Majority Leader Chuck Schumer and Senate Minority Leader Mitch McConnell – held talks on the debt limit last week in the Oval Office. President Joe Biden is expected to meet Tuesday with congressional leaders on the debt ceiling limit following “productive” staff-level negotiations over the weekend, two sources familiar with the talks told CNN on Sunday, as the US barrels toward a deadline that could come as soon as June 1. ![]()
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