We in Telegram
Add news
March 2010 April 2010 May 2010 June 2010 July 2010
August 2010
September 2010 October 2010
November 2010
December 2010
January 2011
February 2011 March 2011 April 2011 May 2011 June 2011 July 2011 August 2011 September 2011 October 2011 November 2011 December 2011 January 2012 February 2012 March 2012 April 2012 May 2012 June 2012 July 2012 August 2012 September 2012 October 2012 November 2012 December 2012 January 2013 February 2013 March 2013 April 2013 May 2013 June 2013 July 2013 August 2013 September 2013 October 2013 November 2013 December 2013 January 2014 February 2014 March 2014 April 2014 May 2014 June 2014 July 2014 August 2014 September 2014 October 2014 November 2014 December 2014 January 2015 February 2015 March 2015 April 2015 May 2015 June 2015 July 2015 August 2015 September 2015 October 2015 November 2015 December 2015 January 2016 February 2016 March 2016 April 2016 May 2016 June 2016 July 2016 August 2016 September 2016 October 2016 November 2016 December 2016 January 2017 February 2017 March 2017 April 2017 May 2017 June 2017 July 2017 August 2017 September 2017 October 2017 November 2017 December 2017 January 2018 February 2018 March 2018 April 2018 May 2018 June 2018 July 2018 August 2018 September 2018 October 2018 November 2018 December 2018 January 2019 February 2019 March 2019 April 2019 May 2019 June 2019 July 2019 August 2019 September 2019 October 2019 November 2019 December 2019 January 2020 February 2020 March 2020 April 2020 May 2020 June 2020 July 2020 August 2020 September 2020 October 2020 November 2020 December 2020 January 2021 February 2021 March 2021 April 2021 May 2021 June 2021 July 2021 August 2021 September 2021 October 2021 November 2021 December 2021 January 2022 February 2022 March 2022 April 2022 May 2022 June 2022 July 2022 August 2022 September 2022 October 2022 November 2022 December 2022 January 2023 February 2023 March 2023 April 2023 May 2023 June 2023 July 2023 August 2023 September 2023 October 2023 November 2023 December 2023 January 2024 February 2024 March 2024 April 2024
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26
27
28
29
30
News Every Day |

What do Republicans really want from the debt ceiling negotiations?

Sometime this coming summer, the United States is expected to reach a point where it can no longer pay off its existing loans, having already met its borrowing limit, commonly known as the debt ceiling, in mid-January. With the countdown clock ticking toward a national — and potentially international — financial crisis should the U.S. default on its loans, politicians in Washington have begun the process of negotiating a congressional measure to raise the country's borrowing limit, thereby averting an economic cataclysm. Sort of. 

For as much as the various statements might hint at a negotiation between Democratic and Republican lawmakers, the truth is that no such bargaining has actually taken place. In part, that's due to the White House's adamant position that the risk of a debt ceiling breach is of such importance that it will not negotiate with Congress at all. As Biden administration Press Secretary Karine Jean-Pierre said in a recent statement: "Like the president has said many times, raising the debt ceiling is not a negotiation; it is an obligation of this country and its leaders to avoid economic chaos. Congress has always done it, and the president expects them to do their duty once again."

"That," she added, "is not negotiable." 

At its core, however, Washington is a city predicated on deal-making. For as much as the White House may be publicly committed to holding fast on its "not negotiable" line in the sand, some debt ceiling agreement will need to be struck, and it will need to be able to pass both the Republican-controlled House and the Democratic-controlled Senate before it lands on the president's desk — no matter if that happens before or after the ceiling shatters. The problem, then, is that in spite of their demands to negotiate over raising the debt limit — as has been done without fail under both Republican and Democratic administrations without fail since first being introduced more than a century ago — GOP lawmakers have not actually settled on what, exactly, they're willing to negotiate for

They haven't? 

Not exactly. Writing in The Washington Post, columnist Catherine Rampell notes that "Republicans have Very Serious budget demands. Unfortunately, they can't identify what any of those demands are."

"Republicans say they want lower deficits — in fact, they have pledged to balance the budget (that is, no deficit at all) within seven or 10 years," Rampell continues. "But they have not laid out any plausible mathematical path for arriving at that destination. They promise to cut 'wasteful spending' ... but can't agree on what counts as 'waste.'"

Indeed, although many individual Republican members of Congress have put forward their personal picks for what should be cut and why, the caucus as a whole is still largely unable to articulate a codified list of demands. While some have seen the threat of a debt limit crisis as a potential catalyst to cut entitlements such as Social Security and Medicare (perennial targets of GOP budget slicing), embattled House Speaker Kevin McCarthy (R-Calif.) has reportedly promised not to touch those particular programs — at least, not during these as-of-yet still theoretical debt limit negotiations.

Have they agreed on anything, then? 

One thing that the entire GOP caucus has settled on is that the looming debt ceiling crisis presents them with an opportunity — for what, exactly, is still being decided, but an opportunity no less. As Sen. Ted Cruz (R-Texas) stated plainly during a press conference alongside a number of his conservative colleagues, the rules of the Republican conference require GOP members to "use the debt ceiling as leverage to force real and meaningful structural reforms to fix the underlying problem." 

Even as House Republicans struggle to figure out just how much leverage they really have, the common consensus within the caucus is that the Biden administration will have to come to the table eventually, and that the White House's "no negotiations" line is simply untenable bluster. "I know we can't ask for the moon," Rep. Don Bacon (R-Neb.) told Reuters. "But the president also can't refuse to negotiate. I mean, if he refuses to negotiate, you're not going to get any Republican support for anything."

"The point everybody is making is that the White House needs to negotiate with the speaker," Rep. Mike Lawler (R-N.Y.) told the outlet. "They can't just circumvent the House of Representatives."

Where are the Democrats in all this? 

Congressional Democrats have been remarkably — albeit not entirely — consistent in their support of the Biden administration's "no negotiations" hardline for the time being. 

"There's a difference between negotiation and blackmail," newly elected Minority Speaker Hakeem Jeffries (D-N.Y.) said during a press conference with Senate Majority Leader Chuck Schumer (D-N.Y.) this week. "What they're essentially saying on the other side of the aisle is, 'We will detonate Social Security, detonate Medicare, detonate veterans' benefits or possibly even risk a catastrophic default for the first time in American history. "That ain't negotiation, that's blackmail."

Sen. Angus King, the Maine Independent who caucuses with Democrats, was slightly more reserved while describing the same dynamic to The Hill: "It ought to be something that's done automatically because the stakes are so high and it's a fundamental responsibility of government. It ought to be done as a matter of routine, like turning the lights on. All we're doing is authorizing the payment of bills we've already run up."

"The problem I have with the term 'negotiation' is it implies that there has to be a quid pro quo," King added. "In this case there shouldn't have to be."

While much of the party's frustration has been aimed at Republicans, some have saved a portion of their ire for Sen. Joe Manchin, the conservative West Virginia Democrat who recently sat down with McCarthy in a sort of pre-negotiation negotiation this week, from which McCarthy's promise not to link Social Security or Medicare cuts with the debt limit emerged. 

"I think it's a mistake because we have to negotiate," Manchin told CNN's Dana Bash a few days before he and McCarthy met. "This is a democracy that we have. We have a two-party system, if you will, and we should be able to talk and find out where our differences are. And if they are irreconcilable, then you have to move on from there and let people make their decisions."

Following Manchin and McCarthy's meeting, however, Schumer rejected any value in negotiations with House Republicans until the speaker can show he has the ability to get his own caucus in line for a passable bill. "Until Speaker McCarthy has a plan and a plan that can pass in the House with his Republican support, his going to the White House is like going with no cards in his hand," Schumer told the press

"Show your own caucus the plan and see if you got the votes to pass it," he added later. 

Москва

По следам Тукая: какие места, где бывал великий поэт, сохранились в Казани

Ryan Poles Needs A Last-Minute Review Of His Quarterback Scouting Notes To Ensure Nothing Is Missed

Ramon Cardenas aims to cement his contender status agains Jesus Ramirez Rubio tonight

NYU Hospital on Long Island performs miraculous surgery

Laura Dern Is the Star of Roger Vivier’s New Short Movie

Ria.city






Read also

Mark Wright reunites with Towie stars and James Argent as star looks slimmer than ever at gig in Essex

Four-bedroom home in Fremont sells for $2.1 million

Card-Linked Offers Shape Data Access and Personalized Offers for Restaurants

News, articles, comments, with a minute-by-minute update, now on Today24.pro

News Every Day

Paige Spiranac puts on busty display in plunging top as she lists the ‘things that drive me crazy’

Today24.pro — latest news 24/7. You can add your news instantly now — here


News Every Day

Paige Spiranac puts on busty display in plunging top as she lists the ‘things that drive me crazy’



Sports today


Новости тенниса
Дарья Касаткина

Теннисистка Касаткина заявила, что скучает по России, но пока не может приехать



Спорт в России и мире
Москва

Команда подмосковного главка Росгвардии заняла призовое место на чемпионате Центрального округа по стрельбе из боевого ручного стрелкового оружия



All sports news today





Sports in Russia today

Москва

Команда подмосковного главка Росгвардии заняла призовое место на чемпионате Центрального округа по стрельбе из боевого ручного стрелкового оружия


Новости России

Game News

Garry's Mod is removing 20 years' worth of Nintendo-related items from its Steam Workshop following takedown request: 'It's Nintendo. Need more be said?'


Russian.city



Губернаторы России
Россия

Путешествовать по России в майские праздники будут 2,8 миллиона туристов


Собянин: ярмарки выходного дня работают в Москве уже в круглогодичном формате

Шапки женские вязаные на Wildberries, 2024 — новый цвет от 392 руб. (модель 466)

В Подмосковье сотрудники Росгвардии задержали подозреваемого в краже

Подключение системы отопления в Московской области


Концерт JONY во Владивостоке: ждут ли его горожане?

«Это не предел»: полуголый Тимати показал свою физическую форму

Певица Анастасия Стоцкая появилась на публике в откровенном наряде

Мацуев — о дерби ЦСКА — «Спартак»: бездарное зрелище, я уснул на 15-й минуте


Линетт сыграет против Соболенко во втором круге турнира WTA в Мадриде

Арина Соболенко призналась в том, что не любит женский теннис

Потапова проиграла Фернандес во втором круге турнира WTA в Мадриде

Потапова всухую обыграла Шнайдер в 1-м круге турнира в Мадриде



Новый транспортный хаб начали строить Казахстан, РФ и Китай

Шапки женские вязаные на Wildberries, 2024 — новый цвет от 392 руб. (модель 466)

ENERGON поделился успешным кейсом внедрения системы управления предприятием 1C:ERP

Жёсткие экологические требования решат инновационные энерготехнологии


Сергей Трофимов выступит с летним концертом в Зеленом Театре ВДНХ

Отец из Панамы, школьная любовь и любимая еда: Елена Борщёва раскрыла все тайны на шоу ТВ-3 «Вкусно с Анфисой Чеховой»

Гол Мартыновича помог «Рубину» сенсационно обыграть футболистов «Зенита»

Эксперт Президентской академии в Санкт-Петербурге про географию экспорта российской рыбы


В аэропорту Кишинёва опять удерживали участников оппозиционного блока «Победа»

В Подмосковье выявлено более 110 нарушений правил охоты

По следам Тукая: какие места, где бывал великий поэт, сохранились в Казани

Тула вошла в ТОП городов для путешествий на майские праздники



Путин в России и мире






Персональные новости Russian.city
Александр Розенбаум

«Это не бомжовые заведения»: 72-летний Александр Розенбаум зарабатывает миллионы на пивном бизнесе



News Every Day

Ryan Poles Needs A Last-Minute Review Of His Quarterback Scouting Notes To Ensure Nothing Is Missed




Friends of Today24

Музыкальные новости

Персональные новости