“They’re fiscally demented, I think. They don’t quite get it,” Biden says of Republicans.
that much of the deficit reduction is because of the end of bipartisan COVID-19 pandemic programs approved in 2020 followed by stimulus spending by Democrats in early 2021, rather than due to Biden’s own actions.
House Speaker Kevin McCarthy says Biden should agree to a cost-cutting deal to raise the debt ceiling.House Speaker Kevin McCarthy said Sunday that the White House should work with Republicans to develop a deal that avoids hitting the debt ceiling, which could lower the US credit rating. “Let’s sit down together. Let’s look at the places that we can change our behavior. Why would we sit back and be so arrogant to say, ‘No, there’s no waste in government?’” McCarthy told Fox News.
But White House press secretary Karine Jean-Pierre said Friday that “there’s going to be no negotiation over it.” “It is one of the basic items that Congress has to deal with, and it should be done without condition,” she told reporters.
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