Debt Ceiling
Two big bills come due in early June, and they could be enough for Treasury Secretary Janet Yellen to set a hard deadline.
âNo one will get everything they want,â Senate Majority Leader Chuck Schumer cautioned on Thursday.
And the speaker laughed at Joe Biden's suggestion he'd concede nothing of consequence on work requirements.
The changes for welfare eligibility, however, could not be âanything of any consequence,â the president said before leaving on a trip to Japan.
WHAT'S HAPPENING
Rep. Glenn Thompson described them as âjob opportunity requirements.â
âHe should be here, on the Hill, working with Republicans and Democrats to strike some sort of a compromise," the South Carolina Republican said.
âWeâve not reached the crunch point yet,â Biden told reporters Saturday before flying to Delaware for the weekend.
The White House insists that in meetings with Republicans, Joe Biden only talks about the federal budget, not the debt ceiling.
If the U.S. defaults on debt, we could see a rise in mortgage rates, credit card interest and loans. So why don't Republicans seem concerned?
The former presidentâs comments at a CNN town hall could make a debt limit deal harder to reach.