![]() Regardless of what may be said about the talks on a day-to-day basis, the president and the speaker will reach an agreement.” This is not that unusual and is almost entirely required when you have divided government. “The last 10 times we’ve raised the debt ceiling there were things attached to it. “Look, I think everybody needs to relax,” he said. Senate Minority Leader Mitch McConnell, R-Ky., said during an unrelated event in his state Tuesday that “the country will not default” and tried to ease anxiety about the negotiations. The Senate is currently on recess, scheduled to return May 30. Yellen wrote to congressional leaders Monday to warn that it was “highly likely” the government would not be able to pay all of its obligations in early June and potentially as soon as June 1. Ed Case of Hawaii and Jared Golden of Maine - have signed it. The petition needs 218 signatures but currently has 211, after Alaska's Mary Peltola signed it on Tuesday. "We're happy to work through solutions that can get to 218 votes," Aguilar said. Aguilar said they welcome Republicans who are "serious about avoiding default" to come talk to them, as he suggested Democrats aren't wed to using the petition to force a vote on a “clean” debt limit bill. “Who knows what's going to happen in the next 10 years?" he said, noting the possibility of another pandemic or 9/11-type event.ĭemocrats have launched a discharge petition on a special rule that could force action on a debt limit measure against GOP leaders’ wishes. Jeffries said Republicans are still pushing for a decade of spending caps, Neal said. “That is a completely reasonable position in exchange for a two-year increase in the debt limit," he said.ĭemocratic Leader Hakeem Jeffries provided his caucus with a “pretty detailed” synopsis of where negotiations stand during a Tuesday morning meeting, according to Ways and Means ranking member Richard E. Based on what Republicans have shown us with their appropriations bills, we are looking at a 30 percent cut across the board to the remaining domestic programs.”Īguilar, D-Calif., said Democrats are not willing to cut spending by $131 billion to go back to fiscal 2022 levels but are open to “holding the line” at the fiscal 2023 level. "The speaker insists that there won't be draconian cuts and yet continues to say that spending levels must go down,” House Democratic Caucus Chairman Pete Aguilar said. House Democrats say Republicans’ demands on spending cuts go too far, especially since they want to protect defense accounts and solely cut nondefense programs. “There's a lack of urgency that is problematic, deeply problematic.” “It’s a slow walk,” he said Tuesday morning. McHenry, one of the Republicans participating in talks on behalf of Speaker Kevin McCarthy, said negotiators have yet to agree to anything and are not any closer to a deal after their late-night talks on Monday. However, some Republicans have begun questioning how solid that June 1 deadline is. ![]() ![]() The precarious nature of negotiations has lawmakers on both sides of the aisle worried about their ability to lift the debt limit before June 1, when the Treasury Department expects it may run out of cash and accounting maneuvers to pay all debt obligations. The White House negotiators have been more quiet but congressional Democrats briefed on the talks said Republicans haven’t dropped enough of their “extreme” demands to attract bipartisan support. With just nine days left before the government may not be able to pay all its bills, GOP negotiators said zero progress is being made and that their White House counterparts lack the “urgency” needed to cut a deal. ![]()
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