On Tuesday, the President appointed a senior team to negotiate with the Speaker’s team. The President and Speaker agreed that any budget agreement would need to be bipartisan. Last night in DC, the Speaker’s team put on the table an offer that was a big step back and contained a set of extreme partisan demands that could never pass both Houses of Congress. The President has over and over again put deficit reduction proposals on the table, from limits on spending to cuts to Big Pharma profits to closing tax loopholes for oil and gas. Let’s be clear: The President’s team is ready to meet any time. And, let’s be serious about what can pass in a bipartisan manner, get to the President’s desk and reduce the deficit. It is only a Republican leadership beholden to its MAGA wing — not the President or Democratic leadership — who are threatening to put our nation into default for the first time in our history unless extreme partisan demands are met.
Official news published at https://www.whitehouse.gov/briefing-room/statements-releases/2023/05/20/statement-by-press-secretary-karine-jean-pierre-on-a-reasonable-bipartisan-budget-agreement/