Biden gives clearest indication to date he’s willing to make a critical debt ceiling compromise

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Biden gives clearest indication to date he’s willing to make a critical debt ceiling compromise
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The president downplayed his embrace of work requirements on government programs as modest. But his fellow Dems have already warned against it.

Biden’s remarks came ahead of his departure for the G-7 summit in Japan, where he’ll spend the rest of the week before coming back Sunday. The president in the meantime designated three top aides to continue debt ceiling negotiations, saying he would keep in constant contact with them throughout the trip and plans to hold a press conference upon his return.

“I’m confident that we’ll get the agreement on the budget and America will not default,” Biden said, later emphasizing that he still considers this a negotiation over the budget, and not the debt ceiling. “We’re going to come together because there’s no alternative.” Office of Management and Budget director Shalanda Young, top Biden adviser Steve Ricchetti and Office of Legislative Affairs chief Louisa Terrell will take up the negotiations on behalf of the White House.

“We narrowed the group to meet and hammer out our differences,” Biden said, adding that the three have the authority to make agreements on his behalf. Biden originally planned to travel to Papua New Guinea and Australia after the G-7, but cut the trip short so that he could resume in-person meetings on the debt ceiling. The Treasury Department has warned that the U.S. will be unable to pay its bills as soon as June 1 without an increase to the borrowing limit. House Speaker Kevin McCarthy previously suggested that the two sides needed to clinch a deal by the end of this week to ensure Congress could pass the legislation before the deadline.

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