Joe Biden caved to Republicans and signaled that he could accept some reforms in a potential debt ceiling deal after months of refusing to negotiate any spending cuts or reforms.
President
Treasury Secretary Janet Yellen, who previously warned that the deadline was June 1 to pressure Congress, said she was hopeful about a deal.saidTreasury Deputy Secretary Wally Adeyemo described the talks as “negotiations” after Biden refused to negotiate with Speaker Kevin McCarthy on a debt ceiling deal.
White House spokesman Michael Kikukawa clarified Biden’s comments that Democrats may agree to work requirements for the Temporary Assistance for Needy Families and possibly stricter work requirements for the Supplemental Nutrition Assistance Program .As the President said, Medicaid is a different story, and the President has been clear that he will not accept proposals that take away peoples’ health coverage.
“It never is good to characterize a negotiation in the middle of a negotiation. I remain optimistic because I’m a congenital optimist. But I really think there’s a desire on their part, as well as ours, to reach an agreement, and I think we’ll be able to do it,” Biden said.
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