2023-01-31 14:53:29

Biden Demands Details on Budget Cuts From McCarthy

Logo The New York Times
The New York Times
By Jim Tankersley

Ahead of a meeting at the White House on Wednesday, administration officials demanded that Republicans commit to avoiding a default on federal debt.

WASHINGTON President Biden will ask Speaker Kevin McCarthy, Republican of California, on Wednesday for details on what budget cuts his party is demanding in order to raise the federal debt limit and for assurances that Mr. McCarthy will not accept an economically debilitating government default, White House officials said.

The demands, outlined in a memo that the White House released on Tuesday, are an attempt by Mr. Biden to force Republicans to engage in a debate over taxes, spending and debt on terms that are more favorable to the president than to newly empowered conservatives on Capitol Hill.

Mr. Biden is seeking to force Mr. McCarthy to specify which programs he would cut a list that most likely includes some spending that is popular with the public and to calculate how much Republicans would add to the debt with additional tax cuts. In the memo, Brian Deese, the director of the National Economic Council, and Shalanda Young, the director of the Office of Management and Budget, said the president would release his annual budget on March 9 and asked when Mr. McCarthy would do the same.

Continue read on nytimes.com

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