President Joe Biden and House Speaker Kevin McCarthy are heading into uncomfortable political terrain in hardball negotiations over the U.S. debt limit as they prepare to hold their first official meeting at the White House.
Two affable leaders known for their willingness to strike deals, Biden and McCarthy find themselves charging headlong into uncomfortable political terrain in hardball negotiations over the nation’s debt limit.
The political as well as economic stakes are apparent this time as Biden considers another run for the White House and McCarthy strains to keep his new job as speaker of the House, including its right-flank Republicans.“Just like in 2011, it’s not going to be real kumbaya,” said Neil Bradley, vice president at the U.S. Chamber of Commerce and a former top aide to former House GOP Majority Leader Eric Cantor.
The memo, from White House National Economic Council Director Brian Deese and Shalanda Young, the Office of Management and Budget director, noted that Biden will be releasing the administration’s budget on March 9 — notably blowing past a February deadline — and called on McCarthy to detail precisely how Republicans would cut the government spending that they insist is too high.McCarthy all but invited himself to the White House as he pushed for the meeting with Biden.
It’s a potential repeat of the 2011-12 fiscal showdown, when the Obama administration negotiated with Republicans before finally settling on a deal that Biden negotiated with the Senate Republican leader Mitch McConnell to ease the crisis.“We’re all behind Kevin, wishing him well in the negotiations,” McConnell said Tuesday, his own Senate Republicans in the minority.
Like the Republicans, Democrats are skeptical of dealing with the opposing party. They’re pushing Biden to drive a hardline bargain against any trade-offs.
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