Debt ceiling talks break down and attacks escalate as deadline approaches

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Debt ceiling talks break down and attacks escalate as deadline approaches
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The GOP wants to raise spending for the military, veterans care and border security; the White House wants to spread the impact of cuts across the board.

Biden aides offered what they viewed as a key concession by proposing that Congress hold flat it’s spending on defense, as well as a series of domestic programs including housing aid, education and scientific research. The White House — which earlier this year sought major increases by raising taxes — said that the adjustment would instead amount to a cut because of year-over-year inflation.

Republicans claimed that the White House negotiations — led by top Biden staff while the president is at the G-7 summit in Japan — had changed their offer. The White House dismissed the claim and sharpened its attacks on the GOP position. Staff members had largely maintained their silence during negotiations but sent out a series of blistering statements and policy memos Saturday, zeroing in on how McCarthy’s insistence on preserving the Trump-era tax cut skewed toward helping the wealthy and giant corporations would add $3.5 trillion to the debt.

“It is only a Republican leadership beholden to its MAGA wing — not the President or Democratic leadership — who are threatening to put our nation into default for the first time in our history unless extreme partisan demands are met.”

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