Debt Limit Talks Are Going Surprisingly Well. But Time’s Running Out.

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Debt Limit Talks Are Going Surprisingly Well. But Time’s Running Out.
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The best case scenario still involves a highly unpleasant Memorial Day weekend for all those involved.

by the narrowest of margins. In exchange for raising the debt ceiling until next March, the bill would cut, and then cap future growth of, the discretionary spending budget.

Certain areas of overlap of a would-be deal came into view ahead of Tuesday’s meeting. The Biden administration has made clear that it is not going to allow Republicans to repeal the entire clean energy title of their signature legislative act from the last Congress. But some elements of the Limit, Save, Grow Act are still on the table.The lowest-hanging fruit appears to be unspent COVID funds. Sure, both parties can agree to claw back some of that.sort of restraint on discretionary spending.

“I voted for tougher aid programs that’s in the law now,” Biden said of the work requirements, “but for Medicaid it’s a different story. And so I’m waiting to hear what their exact proposal is.” The clean-up statement from the White House didn’t categorically rule out changes to SNAP or TANF, either.“As the President said, Medicaid is a different story, and the President has been clear that he will not accept proposals that take away peoples’ health coverage,” spokesman Michael Kikukawa

Politico. “The President has also been clear that he will not accept policies that push Americans into poverty. He will evaluate whatever proposals Republicans bring to the table based on those principles.”

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