The Associated Press reports:
House Speaker Kevin McCarthy said Wednesday he was sending Republican negotiators to the White House to finish out debt limit talks. But McCarthy, R-Calif., said the two sides are “still far apart.”
Time is short to strike a deal. Treasury Secretary Janet Yellen said Wednesday that “it seems almost certain” that the United States would not make it past early June without defaulting. That would be catastrophic, as the government risks running out of cash to pay its bills as soon as June 1.
Cheered on by a hard-charging conservative House majority that hoisted him to power, McCarthy, R-Calif., was not swayed by a White House counter-offer to freeze spending instead. “A freeze is not going to work,” McCarthy said.
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Question: Why not offer a single concession beyond saying we’re not going to default?
McCarthy: We’ve offered a lot of concessions… I can’t help it if the Democrats have become so extreme… pic.twitter.com/IduMJ89Tuz— Acyn (@Acyn) May 24, 2023
Question: What concession are you willing to give in order to save the economy?
McCarthy: I’m willing to make America stronger.. pic.twitter.com/lZG88adDOC— Acyn (@Acyn) May 24, 2023
Speaker McCarthy on debt ceiling negotiations:
“It’s not my fault that the Democrats today have become so extreme, so far to the socialist wing, that they are now opposed to work requirements, that they are now opposed to saving one dollar less than they spent the year before.” pic.twitter.com/dhAI1o0Na0
— The Recount (@therecount) May 24, 2023
President Biden has 8 days left to avoid becoming the first president in history to default on the debt. https://t.co/N51zsgDdEz
— Kevin McCarthy (@SpeakerMcCarthy) May 24, 2023