On Sunday, Vice President Biden urged Republican members to find a middle ground in budget and debt ceiling negotiations, saying that the GOP’s present position is too radical to pass a polarized Congress.
Vice President Biden, who is currently in Hiroshima, Japan for the Group of Seven (G7) Summit, cautioned reporters that he would not accept the Republican offers on the table.
“Now it’s time for the other side to move from their extreme positions, because much of what they’ve already proposed is simply, quite frankly, unacceptable,” Biden said in opening remarks at a press conference.
You can also check out the most recent tweet from biden here:
It’s time for House Republicans to accept that there is no bipartisan deal on default to be made solely on their terms.
I put forward a plan that cuts spending by over $1 trillion – on top of $3 trillion in deficit reduction I previously proposed.
They need to move too.
— President Biden (@POTUS) May 21, 2023
“I’m not going to agree to a deal that protects wealth tax cheats and crypto traders while putting food assistance at risk for nearly 1 million Americans,” Biden continued. “It is time for Republicans to accept that there is no bipartisan deal to be made solely on their partisan terms. They have to move as well. All four congressional leaders agree with me that default is not an option. And I expect each of these leaders to live up to that commitment.”
On Sunday, as the president flies back to Washington, D.C., Vice President Biden will call House Speaker Kevin McCarthy (R-Calif.).
The White House and McCarthy’s group spent much of Saturday trading insults over who was to blame for a breakdown in negotiations on spending talks and lifting the debt ceiling, setting the stage for the upcoming phone call between the two leaders. Biden and McCarthy’s designated negotiators had been meeting for days to try to reach a compromise.
The U.S. could go into default as soon as June 1 if Congress does not act to extend the debt ceiling, the Treasury Department has warned.
On Sunday, Vice President Joe Biden said he is willing to cut spending if Republicans will agree to lift the debt ceiling. However, he also stressed the importance of tax reform to bring in more income from the wealthiest Americans and corporations.
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“They just said revenue is off the table. Revenue is not off the table,” Biden said. “That’s what we continue to have a significant disagreement on, on the revenue side.”
In recent days, the White House has stressed the importance of a bipartisan final agreement, underscoring that it must pass both the Republican-controlled House and the Democratic-controlled Senate.