JUST IN: Pres. Biden outlines agreements and pain points in ongoing debt ceiling negotiations with House Speaker McCarthy: "We both agree default's not really on the table. We've got to get something done here." https://t.co/9q3mCFLnXe pic.twitter.com/cCVsPE3WSy
— ABC News (@ABC) May 22, 2023
[Other than the hoary claim to have saved $1.7 trillion in deficit spending, which only took place because of the expiration of COVID emergency spending, this looks like a concession to McCarthy. Biden must have gotten an earful from the G-7 about his intransigence; he mentions that the rest of the world needs this deal finished as well. And for the first time, Biden’s acknowledging at least sotto voce that he lied about McCarthy’s position on default. Maybe a deal really is close. — Ed]
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