China News Service, January 31. According to a report from the US Chinese website, White House officials confirmed that US President Biden and House Speaker McCarthy will meet on February 1, local time, to discuss issues such as the debt ceiling.
Data map: US President Biden.
Photo by China News Agency reporter Chen Mengtong
According to reports, a White House spokesperson said that Biden will host a meeting with McCarthy at the White House, and the two will discuss many issues, including the debt ceiling, economic growth plans and deficit reduction targets.
Additionally, he plans to ask McCarthy whether he intends to fulfill his constitutional duty to prevent the state from defaulting without endangering the economic security of the population.
McCarthy also said in an interview recently that he will meet with Biden this week to discuss the debt ceiling.
However, McCarthy also said: "I know Biden said he didn't want to have any negotiations, but I think it's very important that the purpose of our entire government is to find a compromise. I want to find a reasonable way, we can raise the debt ceiling, but To rein in the massive out-of-control spending."
The U.S. Treasury Department said it had begun resorting to "extraordinary measures" to pay the bill, with a June 5 deadline for the government to risk default.
According to reports, Republicans in the House of Representatives have been demanding spending cuts as a condition for agreeing to the Biden administration's proposal to raise the debt ceiling and avoid a U.S. debt default.
But Republican leaders have been accused of not coming up with a unified plan to cut spending, complicating McCarthy's task of passing the bill with a narrow majority.
The White House has said there will be no negotiations and that Congress must allow the government to pay the bill.
Democratic leaders in the House and Senate backed Biden, asking McCarthy to present his plan and hold off any discussion until it passes the House.
In his economic speech a few days ago, Biden also said: "I will not let anyone use the faith and credit of the United States as a bargaining chip." He believes that the Republican proposal will lead to higher inflation.
McCarthy was quick to denounce Biden's stance, saying he had been disappointed by his views, but he remained adamant about spending cuts.