‘Important step forward’: Biden denies the GOP acquired a lot in debt deal

President Biden on Sunday praised the bipartisan deal struck with House Republicans to carry the debt ceiling in trade for spending cuts, however doubled down in his refusal to say that he gave away something vital within the negotiations. 

“It’s a really important step forward,” the president stated on the White House. “It takes the threat of catastrophic default off the table, protects our hard-earned economic recovery and the agreement also represents a compromise which means no one got everything they want. But that’s the responsibility of governing.”

The White House and congressional Democrats have pushed the narrative that discussions to lift the $31.4 trillion debt restrict and lower the federal price range have been “separate but simultaneous,” regardless of the 2 being negotiated in the identical bipartisan deal. 

Mr. Biden contended that he solely compromised on spending — not the debt ceiling. 

“[Republicans] want to try and make it look like I made some compromise on the debt ceiling. I didn’t,” the president instructed reporters. “I made a compromise on the budget.”

The rhetoric was paying homage to the opposition from Democrats to negotiating in any respect, with the White House ready months to start talks with House Republicans because the president demanded a rise within the borrowing restrict with out situations. 

The House is about to return Tuesday to start consideration of the laws. The Senate will observe swimsuit after the House and will find yourself working via subsequent weekend to expire the procedural clock earlier than the U.S. hits its June 5 default deadline. 

However, the settlement has drawn bipartisan backlash. Conservatives say it doesn’t slash spending sufficient, whereas liberals say the strengthening of proposed welfare work necessities are too drastic.