President Biden on Thursday gave a brief update on the debt-ceiling talks with House Republicans, saying negotiators are “making progress” and reiterating that both sides agree default is not an option.
“The American people deserve to know that their Social Security payments will be there, the Veterans hospitals will remain open, and that economic progress will be made,” Mr. Biden said. “Default puts all that at risk. Congressional leaders understand that they’ve all agreed there will be no default.”
Despite Mr. Biden’s optimism, both sides remain deeply divided about how to lower the nation’s debt. The White House says that the wealthy and American corporations should pay more taxes, while Mr.and I have a very different view of who should bear the burden of additional efforts to get our fiscal house in order. I don’t believe the whole burden should fall on the backs of the middle-class and working-class Americans.
Both sides still disagree about the spending cuts, even as negotiators work long days to reach a deal and stave off financial insolvency.“Both sides have to understand that they’re not going to get everything that they want,” she said at the daily press briefing. “And what we’re trying to get to is a budget that is reasonable, that is bipartisan, that Democrats and Republicans in the
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