Biden, McCarthy standoff over budget intensifies as deadline looms

Tensions flared this week between Kevin McCarthy, House Speaker, and the White House. Both refused to relent amid a deadlock on the debt ceiling and the budget.

McCarthy pressed President Joe Biden for more robust negotiations to raise the nation’s borrowing limit before the April 15 deadline of the Congressional Budget Act. This marked the first significant step in several weeks.

“Simply put, you are on the clock. McCarthy wrote a letter to President Obama on March 28.

Biden suggested that a sit-down is unnecessary unless the House Republicans present a formal budget. He asked them to do so before the Easter recess.

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“I look forward talking with you about the Nation’s fiscal and economic future. McCarthy was told by Biden that they should tell each other what their goals are to make the conversation productive.

McCarthy claimed that Congress delayed the release of the proposal because Biden was at fault.

The speaker stated last month that “Well, we were going do the budget in April, but unfortunately, the president’s so tard with his budget, it delays my budget.”

On Thursday, Washington was left empty-handed by the House Budget Committee. They won’t be returning until April 17th. McCarthy has not provided a timeline or a time frame for the release of the budget. Texas Rep. JodeyArrington, who is the chairman and chief executive officer of the House Budget Committee, said to the Wall Street Journal that it could take months before the party releases a budget.

To avoid an economic catastrophe, the House Republicans demand significant spending cuts in return for increasing the debt ceiling. McCarthy wrote this week to Biden and outlined several areas in which federal spending could be cut: lower “excessive defense” spending to preinflation levels; reclaiming COVID-19 unspent funds; strengthening work requirements for social program programs.

Biden and Democrats on the other side have called for an “unconditional” increase in the debt ceiling that is not tied to federal spending.

On March 9, the president unveiled his 2024 budget at a campaign-style event held in Philadelphia. He told a crowd of union members that his proposal was a reflection his values. His plan includes a record amount for defense spending as well as funds to support Biden’s promises on paid family leaves, universal preschool, and other domestic policies. Biden’s plan appears dead upon arrival in Congress. Republicans oppose the tax increases Biden has proposed to pay for his policies.

According to White House press secretary Karine Jean-Pierre, it’s been three weeks since we had our budget. This was Thursday. “Three Weeks, and we have not seen anything from the House Republicans. Nothing.”

The back-and-forth between them over fiscal differences eventually descended into personal jabs. McCarthy made an apparent dig at Biden’s aging.

“I don’t know what else I can do. … I would bring lunch with me to the White House. If he requests it, I’d make soft food. It doesn’t really matter. Biden stated that it doesn’t matter what it takes to meet at a Thursday press conference.

Jean-Pierre replied, “He can bring whatever he wants so long as he has a budget.”

Biden and McCarthy last met on February 1st to discuss the federal debt ceiling and federal spending.

The United States currently uses “extraordinary measures” in order to continue paying its bills. However, these measures are expected to end sometime this summer.