GOP senators insist Biden ‘will negotiate’ on debt ceiling, budget reform: ‘Better to start now’

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Republican senators had a message for President Joe Biden while addressing the national debt and looming debt ceiling deadline during Wednesday’s press conference: He will “negotiate.”

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“President Biden needs to know absolutely he will negotiate, and it’s better to start now,” Sen. Rand Paul, R-Ky. told reporters, emphasizing the Biden administration’s stance that talks around the debt ceiling are “not bargaining.”

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Paul said the biggest security threat to the nation is the debt and that no conservatives and no Republicans in the House of Representatives would vote to raise the debt limit “without significant budget reform.”

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The rising US national debt is $31.4 trillion, while the federal government’s annual budget currently runs at $6.3 trillion, nearly $2 trillion more than annual spending before the coronavirus pandemic.

According to Treasury Secretary Janet Yellen, the US would need to raise the debt ceiling until June to avoid “irreparable damage to the US economy, the livelihoods of all Americans and global financial stability”.

Sen. Ted Cruz, R-Texas, who spoke just before Paul, called Biden’s position on the debt ceiling “unfair and ridiculous” and vowed to do everything possible to prevent Republican convention majors in both houses of Congress. Will use “lever point”. Rising debt and spending contributed to the historic inflation plaguing the country.

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“We are at a moment in time, because the American people have elected a Republican majority in the House, where we have the opportunity to stop the madness. And I believe it is up to a Republican majority and Republicans in the Senate, each lever point We have to stop the out-of-control spending that is driving up inflation, which is punishing hard-working Americans across this country,” Cruz said.

Cruz said the debt ceiling has historically been “the most effective lever point for making meaningful concessions” on the budget and debt reform, and he called on members of the press to avoid reporting White House talking points, The Republicans wanted to default on the national debt.

“There is nobody standing here who wants to default on debt. Let me be absolutely clear and unambiguous: The United States should never, ever, ever default on its debt,” he said.

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“There is one prominent person in this town who is talking about defaulting on the loan, and that is Joe Biden. Joe Biden wants to threaten defaulting on the loan. He wants to scare the markets, and frankly, he Everyone is counting on you,” he added.

Cruz cited examples in which he said Republicans were able to force legislation to address the budget and debt, including the Budget Control Act of 2011, and reiterated that it was not the Republicans’ position that the debt ceiling would never be raised. .

white House Press Secretary Karine Jean-Pierre was asked earlier this month about the debt ceiling talks and whether Biden would be willing to “cut any spending” or negotiate with Republicans who “would not agree to a debt ceiling deal.” Want to cut spending as part of it.”

President Joe Biden announces additional military support for Ukraine at the White House on January 25, 2023.

“Look, as you’ve heard us say before, we will not negotiate on the debt ceiling,” Jean-Pierre said.

“What we are saying is … this should be done without any conditions,” she said. “In the past … we’ve seen both Republicans and Democrats come together to deal with this issue. It’s one of the fundamental things Congress has to deal with, and it should be done unconditionally. So, no Negotiations are not going to happen.” above it. It is something that must be done.”

“It is not my position that we will never raise the debt ceiling – but what the rules say is that we will use the debt ceiling to force real and meaningful structural reforms to fix the underlying problem,” Cruz said. ,[It] It doesn’t have to be a perfect solution to everything, but it has to be real and meaningful progress.”

Fox News’ Peter Kasparovich and Kyle Morris contributed to this report.

GOP senators insist Biden ‘will negotiate’ on debt ceiling, budget reform: ‘Better to start now’

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