Negotiators from the White House met over the debt limit with House Speaker Kevin McCarthy’s emissaries at the Capitol.
tapped their top representatives to work out a deal after a week of talks with a larger contingent stalled out.
“A default could trigger a recession, stop military paychecks and raise interest rates for years to come,” Harris said. “America must pay our bills, just like you and your family and other hardworking Americans do every single day.” At stake is federal spending over the next several years as Republicans use the debt ceiling vote, a routine exercise that's typically done in a bipartisan way to raise the borrowing capacity and pay the nation's bills, as a way to extract their budgeting priorities.
Democrats are resisting, and negotiators are eyeing budget caps for the next several years as an alternative to limits that would extend for a decade. “This is hostage taking,” Jeffries said. “They are trying to extract ransom notes in order to avoid a default.”like MedicaidOn changes for permitting, Republicans are eager to undo the National Environmental Policy Act, called NEPA, to allow energy projects to be approved and developed more quickly, without years of delays from challenges and lawsuits.
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