Biden, McCarthy Have Productive Talk on Debt But No Deal Yet

Bloomberg2023-05-23

Kevin McCarthy and Joe Biden during a meeting in the Oval Office on MondayHouse Speaker Kevin McCarthy said he and President Joe Biden had a productive talk but have not yet reached a deal to avert a ...

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Comments

phongy 45
2023-05-23
phongy 45
Reality movies ... Sure deal case ...
Merdeka1981
2023-05-23
Merdeka1981
The rich boys pay taxes? Well in many cases they've got what it takes to not pay taxes legally.
LeonardKSW
2023-05-23
LeonardKSW
Good in talking only..no actual action from Biden

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Earlier, Treasury Secretary Janet Yellen warned it’s now “highly likely” her department will run out of sufficient cash in early June and that default could come as soon as June 1.“The tone tonight was better than any other time we have had discussions,” McCarthy said. The two leaders, he said, “had a productive discussion. We don’t have an agreement yet.”Ahead of the meeting, Biden urged that “we’ve got to get something done.” But he stressed Democratic demands to raise revenue in addition to spending cuts. “Here’s the disagreement — I think we should be looking at tax loopholes and make sure the wealthy pay their fair share,” Biden said. Republicans have resisted any tax changes as part of a debt deal.Republicans want to slash domestic spending over as many years as possible, while Democrats have offered slimmer cuts over a couple of years. 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Well in many cases they've got what it takes to not pay taxes legally.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970430722","repostId":1141604367,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9970430309,"gmtCreate":1684797664802,"gmtModify":1684797668432,"author":{"id":"3569318025811476","authorId":"3569318025811476","name":"LeonardKSW","avatar":"https://static.tigerbbs.com/eeba92ccfc8a91444aa3e36de4a39425","vip":1,"hat":"https://static.tigerbbs.com/50a4c8d97279fa9f8f1fa9749a6bdff4","crmLevel":7,"crmLevelSwitch":0},"htmlText":"Good in talking only..no actual action from Biden","listText":"Good in talking only..no actual action from Biden","text":"Good in talking only..no actual action from Biden","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970430309","repostId":1141604367,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":57,"commentSize":3,"repostSize":3,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1141604367"}