President Joe Biden is hosting the Democratic congressional leaders at the White House as they face a new era of divided government in Washington.
President Joe Biden speaks during a meeting with Democratic lawmakers in the Roosevelt Room of the White House, Tuesday, Jan. 24, 2023, in Washington, including from left, House Minority Leader Hakeem Jeffries of N.Y., Vice President Kamala Harris, Senate Majority Leader Sen. Chuck Schumer of N.Y., and Senate Majority Whip Dick Durbin of Ill.
As the meeting began, Biden said Democrats were eager to talk about “extreme Republican economic plans.” House Speaker Kevin McCarthy is eager to push Biden to the negotiating table, hoping to make good on the promises the GOP leader made to holdouts during his campaign to become House speaker to pare federal spending back to fiscal 2022 levels, which would be a sizable 8% budget cut.“We’ve seen this movie before,” said Sen. John Cornyn of Texas, a member of Republican leadership.
McConnell said of McCarthy's yet-unscheduled-session with Biden: “I wish him well and in talking to the president. That’s where a solution lies.” Debt has been climbing for years, the last time the federal budget didn't carry red-ink deficits was during the Clinton years. Instead, the George W. Bush administration saw the debt skyrocket thanks to tax cuts and the wars overseas. Debt grew again in the Barack Obama era especially in the aftermath of the Great Recession.
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