Biden is warning Democrats that he has low expectations for next week's budget meeting with House Speaker Kevin McCarthy.
President Biden is warning Democrats that he has low expectations for next week's budget meeting with House Speaker Kevin McCarthy.The meeting could be a step toward a budget deal that leads Republicans to endorse raising the debt ceiling and avoid a government default. But Biden isn't confident McCarthy will present a plan, citing the GOP's divide over its budget priorities.
Biden has said his plan would reduce the federal deficit — currently more than $31 trillion — by $2 trillion.Democrats at the retreat blasted "extreme MAGA Republicans" for putting the U.S. government in a situation that could lead to an economically catastrophic government default on its debt. "The notion that we're going to be lectured by the people who have consistently crashed the train whenever they've held power is ridiculous," he added.
Biden said the GOP's vocalizing a commitment to fiscal responsibility has not been matched by its actions under his predecessor.
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