House Speaker Kevin McCarthy has accused President Biden of being “completely missing in action” on the debt limit negotiations and called on Biden to find common ground. McCarthy met with Biden on February 1st and saw an opportunity to reach an agreement that would satisfy both sides of the aisle.
However, in a letter to the president, McCarthy reminded him of the meeting and claimed that he has dropped the ball on negotiations.
McCarthy stated that Biden’s extreme position of refusing to negotiate meaningful changes to government spending alongside an increase in the debt limit is putting the already fragile economy in jeopardy.
McCarthy outlined several avenues that would reduce the national debt, including limiting out-year growth, reclaiming unspent COVID funds, and strengthening work requirements.
McCarthy said he is prepared to sit down with the president to discuss the means to achieve savings and grow the economy. He requested that White House staff contact the speaker’s office by the end of the week to set a date for their next meeting.