WASHINGTON: US House Republicans and Democrats showed no sign of surrendering their partisan positions after a briefing on the nation's US$31 trillion debt on Wednesday (Mar 8), the day before President Joe Biden is due to unveil his 2024 spending plan. Biden said his proposal will cut the nation's deficit
WASHINGTON: US House Republicans and Democrats showed no sign of surrendering their partisan positions after a briefing on the nation's US$31 trillion debt on Wednesday , the day before President Joe Biden is due to unveil his 2024 spending plan.
"It's important for members of both parties to get the information and be able to process it together," said Republican Representative Mike Lawler."We're not always going to agree, obviously. But frankly, I think that's part of the problem in Washington. There's not enough opportunity to do these things together.
The emergence of the two budgets is seen as the starting gun for negotiations between House Speaker Kevin McCarthy and Biden over spending for fiscal 2024, which begins on Sep 1. "We're at a tipping point," McCarthy said of the nation's fiscal position."Very seldom do we ever get together as members outside the chambers. We do that in classified briefings and ... I think this is just as important as any security issue."TRADING BLAME
The influential House caucus, which represents nearly 80 per cent of the House Republican conference, is expected to produce its own budget plan in April, independently of House Budget Committee Chair Jodey Arrington's proposal. Neither Biden's proposal nor the one Arrington's committee is preparing would result in a balanced budget.
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