In his first interview since announcing his reelection bid, POTUS declined to criticize SpeakerMcCarthy's leadership ahead of a high-stakes meeting over the debt ceiling next week, instead calling McCarthy “an honest man.”
The president declined to criticize McCarthy's leadership ahead of a high-stakes meeting over the debt ceiling next week, instead calling McCarthy “an honest man.” Biden attempted to relieve McCarthy of blame by suggesting the Republican leader is being forced into tough positions by other members of his party.“I think he’s in the position, well, he had to make a deal,” Biden said.
As the two have sparred over the debt ceiling, Biden has repeatedly accused McCarthy of holding the economy “hostage” by tying the debt ceiling to his fiscal budget proposal, seeking to place the responsibility squarely on the speaker’s shoulders. Now it appears Biden is softening his stance as Republican leaders in the Senate are coalescing behind McCarthy — leaving the negotiations entirely between him and the White House.
Negotiations on the debt ceiling have long remained stalled inside the halls of Congress as both parties have refused to budge in order to come to a compromise. Now, government leaders are scrambling to avoid a default on the country’s loans after Treasury Secretary Janet Yellen issued a warning that Congress has just under a month until the United States will be unable to make payments if lawmakers don’t take action.
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