![]() Jeffries, speaking to reporters after the meeting, framed House Republicans as the only group that would not rule out the prospect of a first-ever default on U.S. ![]() and the sooner the president and the speaker can reach an agreement the sooner we can solve the problem." "The United States has never defaulted on its debt and it never will," said McConnell. McConnell joined McCarthy outside the White House, where he reiterated that Congress would not allow the country to default on its debt. "We can try to come together on those in a budget and appropriations process but to use the risk of default, with all the dangers that has to the American people, as a hostage and say it's my way or no way, or mostly my way or no way, is dangerous." If you look at what President Biden had proposed and you look at what Speaker McCarthy has proposed, they're very, very different," Schumer said. "There are large differences between the parties. Schumer called on McCarthy to negotiate proposed spending cuts through the usual budgetary process without threatening default. Occasionally there would be a little bit of an assertion that maybe was a little over the top from the speaker," Biden said. "The tenor of the meeting was with three of the four participants very measured and low key. "I think he knows that default would be disastrous and I think he knows what he's passed could not possibly pass anywhere in the Congress - it's dead on arrival."Īsked about the mood in the room, Biden said three of the four leaders were sensible throughout the discussions. "I think he knows better," the president said. And that is a shame, because it makes things more complicated."īiden said "I don't know" what McCarthy thinks. "Instead of him giving us a plan to remove default he gave us a plan to take default hostage. "We explicitly asked Speaker McCarthy, 'Would he take default off the table?' He refused," said Schumer. Personal Loans for 670 Credit Score or LowerĮvery leader present except for McCarthy agreed to remove the threat of default when asked by Biden, according to Democratic leaders at the meeting. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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