Facing the risk of an unprecedented U.S. government default by month's end, President Joe Biden has invited the top four congressional leaders to face-to-face talks at the White House next week.
WHAT CAUSED BIDEN TO SCHEDULE THE MEETING?
White House press secretary Karine Jean-Pierre declined on Tuesday to say how the letter might have influenced Biden's thinking. The House is in recess this week. McCarthy was in Jerusalem on Monday, speaking to its Knesset. In his statement reacting to the Yellen letter, he did not mention the White House invite, even though he has been pressing for talks with the president for weeks.In short, May 9 is when all the principal leaders are in Washington.Republican lawmakers want spending cuts in return for raising the debt limit, saying the budget's current path is unsustainable.
“House Republicans did their job and passed a responsible bill that raises the debt ceiling, avoids default and tackles reckless spending,” McCarthy said in a statement. Administration officials have considered whether Biden could bypass Congress by citing the Constitution’s 14th Amendment that the “validity” of U.S. debt “shall not be questioned.” But the president has long deferred to the legislative branch given his 36 years in the Senate.
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