Biden finally met with top lawmakers to discuss a debt ceiling solution — but McCarthy says there wasn't 'any new movement' as a catastrophic default inches closer
While Tuesday's meeting was an attempt to resolve the disagreements between parties and stave off a default, it looks like a solution was not reached. "I would hope that he'd be willing to negotiate for the next two weeks so we could actually solve this problem and not take America on the brink," he added, referring to Biden. He said the congressional leaders will meet with Biden again on Friday.
Schumer told reporters that"anyone who says my way or no way and we're going to default is not serving the country well, and I'm afraid that's what Speaker McCarthy is saying." He noted that staff will meet beginning Tuesday night to discuss the budget, and he cautioned that"the disagreements are wide."
"By not taking default off the table, Speaker McCarthy is greatly endangering America," Schumer said. McConnell also told reporters following the meeting that"the United States is not going to default. It never has, it never will. However, elections have consequences. We now have divided government."Punchbowl News that"we should just get in the room and solve this thing. I don't think it's that difficult."
He also said that he thinks Congress needs to reach a deal"by next week," given the time constraints by which the Treasury estimates the US will run out of money to pay its bills. The Bipartisan Policy Center alsoIf Congress fails to raise the debt ceiling, Americans could experience devastating consequences. A Joint Economic Committee analysis previously said it
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