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Speaker Kevin McCarthy is insisting it’s not his fault if the U.S. defaults on its debt in eight days when the Treasury says the government will run out of funds to pay its bills.
‘Every Democrat voted against raising the debt ceiling. Nothing has happened in the Senate. I’m not a senator. I don’t control the Senate,’ the speaker told reporters as negotiations dragged on for another day with no clear sign of progress.
‘The president – he didn’t talk to us for 97 days. So don’t blame me for reaching out to the Democrats, for begging the president to meet with me.’
The Treasury Department has insisted June 1 is the date when a deal must be reached in order to avoid risking plunging the economy into a global recession.
McCarthy claimed Republicans have offered a ‘lot of concessions,’ claiming capping spending increases to one percent and strengthening work requirements for welfare programs like SNAP, TANF and Medicare were ‘Democrat ideas.’
‘That’s something Senator Biden voted for that President Clinton signed into law. That was a Democrat, supported idea too. So it’s not my fault that the Democrats today have become so extreme, far to the socialist wing, that they are now opposed to work requirements. that they are now opposed to saving $1 less than we spent a year before.’
Speaker Kevin McCarthy is insisting it’s not his fault if the U.S. defaults on its debt in eight days when the Treasury says the government will run out of funds to pay its bills
McCarthy also taunted Democrats for failing to lift the debt ceiling when they had control of the White House, House and Senate.
‘Democrats, they could have lifted the debt ceiling prior to me becoming speaker. They knew the outcome of the election already. They knew we were taking power,’ he said.
‘They passed an omnibus bill, but they decided not to do the raising of the debt ceiling, even though they thought people should just raise it cleanly.’
White House and House GOP negotiators are hung up on a top line number – with the Biden team offering to cap 2024 spending at 2023 levels – what they say amounts to a spending cut because they would not adjust for inflation.
Republicans want spending to be capped at 2022 levels, difference of $130 billion, but have said spending in 2024 must at least be less than it is this year.
There’s also debate over how long the 1 percent spending increase cap should last – Biden has offered to keep it in place for 2025 while Republicans want it to last 10 years. They’ve reportedly dropped that offer down to six.
‘Every Democrat voted against raising the debt ceiling. Nothing has happened in the Senate. I’m not a senator. I don’t control the Senate,’ the speaker told reporters as negotiations dragged on for another day with no clear message of progress
Talks will continue at the White House on Wednesday, where McCarthy’s negotiators – Reps. Garret Graves, La., and Patrick McHenry, N.C., will sit down with the White House negotiators, Office of Management and Budget Director Shalanda Young and counsel Steve Ricchetti.
McCarthy told reporters ‘I don’t think there will be a default’ as he said he believed they could make ‘progress’ today.
Asked if there had been progress made overnight, he said, ‘there’s differences. We know where it’s at.’
The speaker is keeping the substantive details of what is being offered close to his chest.
Asked what concessions he was willing to give to ‘save the economy,’ McCarthy said: ‘I’m willing to make America stronger.’
Source: | This article originally belongs to Dailymail.co.uk