Free Trial

WH: Team Had Productive Debt Limit Talks With GOP - Discussions Continue

US

White House Press Secretary Karine Jean-Pierre has told reporters that President Biden's negotiating team has had "productive discussions" with House Speaker Kevin McCarthy's (R-CA) team, "and those discussions continue."

  • Jean-Pierre: "All congressional leaders have made it clear that default is not an option. The President has said that, the Speaker has said that, and we want the American people to understand that too."
  • "What is up for debate is the budget. That's what these discussions are about: Two very different fiscal visions for our country..."
  • "The President and his negotiating team are going to continue to fight for his vision and for his priorities, and they are going to do this in good faith."
  • "The only way to move forward here is with a bipartisan, reasonable agreement on the budget. There is no alternative to this. This is the path that we need to take."
  • Jean-Pierre's comments may put an end to speculation that the White House may use an alternate strategy to raise the debt limit unliterally like "invoking" the 14th Amendment, minting a platinum coin, or pursuing a discharge motion in the House.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.