Biden, GOP Reach Tentative Deal To Raise Debt Ceiling, Avoid Calamitous US Default

Support from both parties will be needed to win congressional approval next week before a June 5 deadline.

“The agreement represents a compromise, which means not everyone gets what they want,” Biden said in a statement late Saturday night. “That’s the responsibility of governing,” he said.

Tl;dr on the concessions:

1. work requirements for SNAP and TANF, but also expands SNAP access for veterans;

2. claws back unspent COVID money from previous bills;

3. reduces the IRS funding that was passed in the IRA;

4. reduces some of the clean energy tax credits from the IRA, and loosens permitting reform for oil and gas.

Proposed IRS funding reduction is from $80 billion to $70 billion.

Q Mr. President, what do you — what do you tell Democrats who say that they don’t want you to bow on the work requirements? What’s your position?

THE PRESIDENT: I don’t bow to anybody!

Thanks, R2. Are they making the retired working-class Boomers consistently voting against their personal interests go back to work yet?

WASHINGTON—As White House negotiators got closer to a debt-ceiling deal with House Republicans, the griping from congressional Democrats got louder.

For days, Democratic lawmakers have been openly questioning the White House’s approach to a deal that needs some of their votes to pass, given that many Republicans will also oppose it, to head off a default. Among their complaints: that President Biden was giving away too much in the deal, that the White House’s messaging was muddled and that Biden was publicly silent while House Speaker Kevin McCarthy (R., Calif.) was chatting to the press around the clock.

This past week, some top House Democrats began lashing out against any emerging deal, with Rep. Rosa DeLauro of Connecticut, the top Democrat on the House Appropriations Committee, rallying a group of activists gathered outside the Capitol, with former House Speaker Nancy Pelosi (D., Calif.) clapping behind her.

Rep. Alexandria Ocasio-Cortez (D., N.Y.) stressed that a deal will need a significant number of Democrats because McCarthy won’t be able to pass it with just Republican votes. “Kevin McCarthy and Republicans are trying to cut veterans’ healthcare; if they’re trying to cut and threaten to stop people’s Social Security or Medicare, if they want to cut education, they can do it with their votes,” she said.

The person familiar with the White House’s thinking said negotiators know the final deal must be something that attracts some House Democratic votes. Any such bill will also need to pass the Democratic-led Senate.

Some Democrats have expressed frustration that lawmakers were unable to raise the debt ceiling last year, before Republicans took control of the House. Congress passed an omnibus spending bill to fund the government through the fiscal year. Lawmakers put off dealing with the debt limit.

La Senatrice is stomping her heels and looking for someone to hit with her purse.

'I will not be intimidated!' Lindsey Graham goes into hysterics over McCarthy's debt ceiling deal

So where were all of these Republican balance-the-budget types when Trump was giving out trillions of dollars in tax cuts to himself and all of his golfing buddies and contributors?

As usual, no tax increases on the wealthy to lower the deficit. Just kicks the can down the road.

Big failure for McCarthy. What happens to him now?

No one seems to like the deal. We will find out Wednesday if it can pass.

No one likes the deal, so I’m thinking it’s a good one. Graham is posturing, the last thing anyone wants —Dems and Repukes—is a tanked economy. And for Repukes it’s not altruistic. A tanked economy will hurt their wealth, which is the number one thing to them.

The Dems should have raised the ceiling last year.

[quote] The Dems should have raised the ceiling last year.

Last year the dems were spending all their time trying to build up January 6th into that Jeb Stuart's raid on Washington he never actually actually led.

That and throwing out trillions of dollars for Pete to spend for Tree Equity.

You know that's not true, R14, but even if it was, that's still a helluva lot more than the Republicans have been doing the past couple of years, which is banning books, hassling drag queens and vilifying trannies.

Block r14, it’s a troll.

Who is this twat? Is she kin to MTG?

[quote]Washington is broken.

[quote]Republicans got outsmarted by a President who can’t find his pants.

[quote]I’m voting NO on the debt ceiling debacle because playing the DC game isn’t worth selling out our kids and grandkids.

Political Theatre

[quote]'I will not be intimidated!' Lindsey Graham goes into hysterics over McCarthy's debt ceiling deal

MARY!