On 5/9/2023, The White House laid out its views on the debt ceiling just hours before a crucial meeting on the matter. “We’re going to stay focused on what Congress needs to be doing here,” White House press secretary Karine Jean-Pierre said. “It’s their congressional duty, which is to prevent default. That’s what we’re going to be clear about.”
And she responded to comments from West Virginia Democratic Senator Joe Manchin, who told CNN’s Manu Raju that Biden has been “not rational” in negotiations over raising the debt ceiling.
“It’s not rational, it’s not reasonable, and it’s not practical for Congress to be doing what they’re doing, for House Republicans to be holding us up, for threatening to fall,” Jean-Pierre told CNN’s Jeremy Diamond. “That is where the problem should be, and that’s who should be called out. Speaker McCarthy is going to be here, and you know, what we’re seeing from House Republicans, from MAGA Republicans, is that they are making — they are manufacturing, a crisis that shouldn’t be.”
Biden insists the debt limit should be raised without addressing spending, while the House has passed a bill, the Limit, Save, Grow Act, which would raise the debt ceiling while cutting $4.8 trillion in deficits over the next 10 years.
While the White House is calling on Congress to act, it has promised to veto the Limit, Save, Grow Act should it reach the president’s desk.
Jean-Pierre also pointed to polling that showed a majority of the public blamed Republicans for debt ceiling showdowns in 2011 and 2015 and would do so again if the country gets close to default this time around.
“The president hopes it’s a productive conversation,” she said. “We’ll see how it goes. The president will make it clear to congressional leaders that they must act and avoid default.”
The 4 p.m. meeting will also include House Minority Leader Hakeem Jeffries (D-NY), Senate Majority Leader Chuck Schumer (D-NY), and Senate Minority Leader Mitch McConnell (R-KY). The United States could default on its debts as soon as June 1, according to Treasury Secretary Janet Yellen.
Treasury Secretary Janet Yellen has predicted that the country will by June 1 have exhausted any accounting measures that have enabled it to avert a default on its loans, having already hit the debt limit of $31.4 trillion in January.
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