White House, Republicans each release debt ceiling talking points to sell deal | The bridge expert

Copies of the respective parties’ talking points on the debt cap ‘agreement in principle’ reached Saturday night between Joe Biden and House Speaker Kevin McCarthy (R-CA) have been sent to Democrats and Republicans to sell the deal. Each set of talking points played different parts of the deal to please their respective party members.

Meeting on the Oval Office debt ceiling with Joe Biden, Kamala Harris, President McCarthy, Senate Minority Leader McConnell, Senate Majority Leader Schumer and House Minority Leader Jeffries, 16 May 2023, photo of the White House.

NBC News reporter Sahil Kapur posted copies of the talking points on Twitter.

McCarthy spoke to reporters earlier, saying the deal “provides historic spending cuts, back-to-back reforms that will lift people out of poverty into the workforce, curb government excesses, there will be no new taxes, no new government programs”.

Biden released a statement saying that while the deal is a “compromise,” it “protects my top legislative priorities and accomplishments as well as those of congressional Democrats.”

Greg Price noted the White House dipping on the House Freedom Caucus:

GOP congressmen with differing views on the case.

Rep. Ken Buck (R-CO), “I listened to President McCarthy earlier tonight describe the deal with President Biden and I am appalled by the scrapping of the debt ceiling. United States will have 35 trillion dollars of debt in January 2025. This is totally unacceptable.

Rep. Mike Lawler (R-NY), “Tonight, @SpeakerMcCarthy updated the @HouseGOP on the deal reached with @POTUS – It cuts spending for the first time in our country’s history and caps it to 1% for the next 6 years. Like I said: we have to negotiate, we have to cut spending and we can’t default. We did it… The bill will also stop the hiring of IRS agents for 23, recover unallocated COVID money, reform NEPA, strengthen work requirements for TANF and SNAP, restart student loan payments, protect Social Security and Medicare, and fund entirely our veterans and our military…Finally, it will curb executive excesses and force a functional appropriations process by imposing a 99% cap on the CR level unless all appropriations bills pass… Although no one is happy with all aspects of the bill, it represents a compromise and a major step forward for our country. Voters elected me to serve as a check and balance to the Biden administration and that is exactly what I did. I will vote for this bill.

Rep. Ralph Norman (R-SC), “This ‘deal’ is madness. A $4 trillion debt ceiling increase with virtually no reduction is not what we agreed to. I won’t vote not to bankrupt our country. The American people deserve better.

The text of the bill has not yet been drafted. McCarthy is abiding by the 72-hour rule, so a vote is scheduled for Thursday indicating it will take a day or two to draft the bill based on the “agreement in principle.”

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