White House and Republicans reach a tentative deal to avoid U.S. default

[Gateman_Wen]

House Republicans reached a tentative deal with the White House on Saturday night to address the nation’s borrowing limit and avoid a catastrophic default on U.S. sovereign debt, Speaker Kevin McCarthy confirmed.

McCarthy and President Joe Biden spoke about three hours before the speaker delivered formal remarks about the agreement.

Unless the deal is "sit down and shut up republicans, we're doing this with or without you" then Joe has just lost my respect.

White House and Republicans reach a tentative deal to avoid U.S. default

House Republicans have reached a tentative deal with the White House to address the nation's debt ceiling and avoid a default.

www.cnbc.com

 

[dobieg]

Sounds like 'ol Joe was bent over like a little bitch.

 

[OrphanSlug]

I'll hold comment until we see the fine print, and of course if Congress can push whatever that deal is through.

 

[dobieg]

lol, what didn't Biden give up?

 

[dmpi]

There's no winners and losers here. We're all winners.

 

[Mr Person]

Sounds like 'ol Joe was bent over like a little bitch.

Trumpists love terrorists.

Unless the deal is "sit down and shut up republicans, we're doing this with or without you" then Joe has just lost my respect.

White House and Republicans reach a tentative deal to avoid U.S. default

House Republicans have reached a tentative deal with the White House to address the nation's debt ceiling and avoid a default.

www.cnbc.com

I kept saying he should invoke the 14th, but he also had a very good point that there would be a lag before it gets to SCOTUS and in that time default would happen and the world economy splattered. I can't very well say he should appear tough for the sake of appearing tough all else damned if I criticize it in them.

The main fault I find is not filing a suit for declaratory judgment (if possible given standing/etc issues) when he took office so it might be resolved finally. That law is plainly unconstitutioanl.



At any rate, for me, respect or not, if a Trumpist is the GOP nominee I'm voting for the D...

 

[dobieg]

Trumpists love terrorists.

Middle aged men who still game in their mother's basement love weenie liberal leaders.

 

[Callen]

An issue like this is at best a tie. If reporting is correct no drastic cuts and more importantly the ceiling is off the table until 2025. The rest looks like small potatoes to let each side say they won.

 

[dobieg]

There's no winners and losers here. We're all winners.

Republicans should have cut military spending along with all the other bloat if they really cared about our long term national Debt.

Otherwise, Biden sure did negotiate a killer deal!

 

[dobieg]

An issue like this is at best a tie. If reporting is correct no drastic cuts and more importantly the ceiling is off the table until 2025. The rest looks like small potatoes to let each side say they won.

That's the spirit.

 

[Callen]

That's the spirit.

Always been my perspective......

 

[LouC]

So hoping the HOUSE MAGATS totally reject McCarthy's deal with the Devil!

 

[dobieg]

According to McCarthy.

We'll see exactly what he means by "historic spending cuts".

It has historic reductions in spending, consequential reforms that will lift people out of poverty into the workforce, rein in government overreach. There are no new taxes, no new government programs. There's a lot more within the bill," McCarthy said.

Debt ceiling agreement in principle reached between Democrats, Republicans

President Biden and House Speaker Kevin McCarthy spoke by phone for nearly 90 minutes Saturday night to discuss the debt ceiling, a source told Fox News.

www.foxnews.com

 

[LouC]

Unless the deal is "sit down and shut up republicans, we're doing this with or without you" then Joe has just lost my respect.

White House and Republicans reach a tentative deal to avoid U.S. default

House Republicans have reached a tentative deal with the White House to address the nation's debt ceiling and avoid a default.

www.cnbc.com

Joe is good, but he can't cut a deal alone.

 

[Mycroft]

Unless the deal is "sit down and shut up republicans, we're doing this with or without you" then Joe has just lost my respect.

White House and Republicans reach a tentative deal to avoid U.S. default

House Republicans have reached a tentative deal with the White House to address the nation's debt ceiling and avoid a default.

www.cnbc.com

Well, I'm glad they worked things out, but I'm disappointed our Senate has turned into a useless branch of the legislature.

 

[dobieg]

So hoping the HOUSE MAGATS totally reject McCarthy's deal with the Devil!

Seems likely there's more of a chance House weenies (Democrats) would reject the deal since Biden gave the GOP basically everything and the kitchen sink.

 

[LouC]

I'll hold comment until we see the fine print, and of course if Congress can push whatever that deal is through.

I'll hold off thumbs up or down until President Biden signs on the bottom line.

 

[Ethel2]

I'll hold off thumbs up or down until President Biden signs on the bottom line.

Exactly
Let’s see the details and see if the Senate and the House will support it.
Too much jumping to conclusions.

 

[Callen]

So hoping the HOUSE MAGATS totally reject McCarthy's deal with the Devil!

I think there is a good chance a large number may but not the majority. As ironic as it is, this may be a truly bipartisan bill with the sensible representatives on each side coming together against the extremes.

 

[The Mark]

According to McCarthy.

We'll see exactly what he means by "historic spending cuts".

Debt ceiling agreement in principle reached between Democrats, Republicans

President Biden and House Speaker Kevin McCarthy spoke by phone for nearly 90 minutes Saturday night to discuss the debt ceiling, a source told Fox News.

www.foxnews.com

Historic since when?
You can technically call anything historic, it's just a matter of context.

For example the dump I took today was historic.

As in, it was the biggest one I took today.

 

[Ethel2]

Well, I'm glad they worked things out, but I'm disappointed our Senate has turned into a useless branch of the legislature.

You meant the House weenies.

 

[dobieg]

Historic since when?
You can technically call anything historic, it's just a matter of context.

For example the dump I took today was historic.

As in, it was the biggest one I took today.

No kidding.

Remember Biden's claim of his historic cuts to the budget deficit of $1.7 trillion when the reality is it was simply temporary Covid programs ending?

 

[Mycroft]

You meant the House weenies.

No. I meant exactly what I said.

The Senate took no part in this debt ceiling issue, which was their job. They are useless when it comes to the legislative process.

 

[Helix]

I blame the Republican party completely for this manufactured crisis. The debt ceiling was raised multiple times during the previous administration.

 

[LouC]

Man...

How many man hours on the REVENGE AGENDA were lost by HOUSE MAGAT leader McCarthy on this Default Debacle?

What a shame!

First it was all the time lost getting him elected HOUSE MAGAT SPEAKER and now all of this time wasting on default wrangling.

Poor guy!