Debt ceiling talks resume after Republicans trigger brief pause

[BumRushDaShow]

Last edited Fri May 19, 2023, 09:00 PM - Edit history (1)

Source: CNBC

WASHINGTON — High-stakes talks over raising the debit limit resumed in the Capitol on Friday evening, hours after they were paused at midday when Republican negotiators walked out of the room, blaming the White House for holding up discussions.

“We’ll be back in the room tonight,” said House Speaker Kevin McCarthy on Fox Business, moments before negotiators were spotted returning to the room where talks have taken place. “But it is very frustrating if they want to come into the room and think we’re going to spend more money next year than we did this year. That’s not right. And that’s not going to happen,” said McCarthy.

The talks lasted about two hours, breaking up for the evening around 8 p.m. ET.

One of the toughest sticking points in the talks has been the question of spending caps, a key GOP demand but a red line for a significant bloc of Democrats. As the White House presses for a debt limit hike that would push the next deadline past the 2024 presidential election, Republicans are insisting on a spending cap for next year that goes beyond a freeze on the current top-line number and actually rolls back government spending to 2022 levels.

Read more: https://www.cnbc.com/2023/05/19/debt-ceiling-republicans-pause-negotiations-with-white-house.html

---

Some billionaire must have picked up the phone and gave snowflake a call.

Article updated.

Original article -

WASHINGTON — High-stakes talks over raising the debit limit resumed in the Capitol on Friday evening, hours after they were paused at midday when Republican negotiators walked out of the room and blamed the White House for holding up discussions.

“We’ll be back in the room tonight,” said House Speaker Kevin McCarthy on Fox Business, moments before negotiators were spotted returning to the room where talks have taken place. “But it is very frustrating if they want to come into the room and think we’re going to spend more money next year than we did this year. That’s not right. And that’s not going to happen,” said McCarthy.

One of the toughest sticking points in the talks has been the question of spending caps, a key GOP demand but a red line for a significant bloc of Democrats.

As the White House presses for a debt limit hike that would push the next deadline past the 2024 presidential election, Republicans are insisting on a spending cap for next year that goes beyond a freeze on the current topline number and actually rolls government spending back to 2022 levels.

[Beautiful Disaster]

1. They expected Biden to cave.

[Mr.Bill]

2. Whatever deal McCarthy and Biden agree on,

republicans in the house will vote no. McCarthy has no control over them at all.

[Drum]

3. Maybe that'll trigger a no-confidence vote? Great timing.

[BumRushDaShow]

4. As long as they refuse to let go of the "Hastert Rule"

threatening that it would have to be pried from their cold dead hands, then they will forever suffer the ridiculousness of this charade. They are trying to do a repeat of 2011.

All Democrats need to do is pry 5 of their members from the House to vote for some other solution (and there is one from the "Problem Solvers Caucus" ). The harder hurdle will be the Senate where cloture reigns.

[sarcasmo]

5. 14th Amendment is coming soon.

[Polybius]

13. Biden's 14th Amendment message to progressives:

It ain’t gonna happen

[Farmer-Rick]

14. Biden said he ain't doing that.

Good idea though.

[no_hypocrisy]

6. IMO, even if Biden gave McCarthy and his mob everything they demand,

(he won't), they'd make new demands. You can't negotiate with terrorists.

[SouthernDem4ever]

7. Here's the transcript of the talks

GOP: We want to get rid of all social programs

Pres Biden: No

GOP: You'll make us look bad if you don't cave

Pres Biden: You can't look any worse than you already look

GOP: Give more tax breaks to the rich

Pres Biden: No

GOP: We don't like your budget

Pres Biden: Show me yours

GOP: Quit changing the subject

Pres Biden: What else can we negotiate?

GOP: Tell the world you love Putin, Greene and Goetz

Pres Biden: You have to be joking

GOP: You're spending too much

Pres Biden: You mean like you during the entire trump presidency?

GOP: We're at an impasse.

[Joinfortmill]

10. 👍

[Beautiful Disaster]

8. So, I'm guessing this was a mistake or did they jump the gun?

Because CNN is back to saying the negotiations have been paused.

[Joinfortmill]

9. I hate the GOP.

[SouthernDem4ever]

11. Sing along

[Joinfortmill]

12. Lol