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Search resuls for: "Jarrett Renshaw David Morgan"


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☆ Biden, McCarthy debt ceiling meeting starts as Australia trip in limbo
  + stars: | 2023-05-16 | by ( Jarrett Renshaw David Morgan | Jarrett Renshaw | David Morgan | ) www.reuters.com   time to read: +5 min
Biden sat down in the Oval Office with House of Representatives Speaker McCarthy, Senate Majority Leader Chuck Schumer, House Democratic leader Hakeem Jeffries and Senate Republican leader Mitch McConnell. "We're just getting started," Biden told reporters just after 3 p.m. EDT (2000 GMT), before ushering them out the door so the meeting could begin. Biden is trying to reach a debt ceiling deal by June 1 to lift the threat of economic calamity. The White House announced Biden may be forced to skip a stop in Australia during an Asia trip due to the debt limit drama. "We can raise the debt ceiling if we limit what we're going to spend in the future," McCarthy told reporters.
☆ US debt ceiling talks turn to work requirements for benefits programs
  + stars: | 2023-05-16 | by ( Jarrett Renshaw David Morgan | Jarrett Renshaw | David Morgan | ) www.reuters.com   time to read: +5 min
WASHINGTON, May 16 (Reuters) - Democratic President Joe Biden and top congressional Republican Kevin McCarthy are expected to discuss new work requirements for benefits programs for low-income Americans during Tuesday's debt ceiling negotiations, sources familiar with the talks said. Expanding the work requirements has been a key demand of Republicans, who are also pushing for spending cuts in exchange for their votes to raise the debt limit. "We can raise the debt ceiling if we limit what we're going to spend in the future," McCarthy told reporters. The current deadlock has rattled investors, sending the cost of insuring exposure to U.S. government debt to record highs. 2 Senate Republican John Thune told reporters the talks appear to have "too many cooks."
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