President Biden seems to be ahead to assembly with Speaker McCarthy to debate a spread of points, as a part of a sequence of conferences with all new Congressional leaders to begin the 12 months.
Like the President has mentioned many instances, elevating the debt ceiling will not be a negotiation; it’s an obligation of this nation and its leaders to keep away from financial chaos. Congress has all the time accomplished it, and the President expects them to do their obligation as soon as once more. That will not be negotiable.
As for the broad financial debate in our nation, the Speaker and his allies have mentioned that they’ve a fiscal plan to chop Social Security, minimize Medicare, minimize different very important applications, and impose a 30 % nationwide gross sales tax.
The President seems to be ahead to studying extra about these plans, in addition to to telling them about his plan to chop the deficit – past the historic $1.7 trillion we’ve delivered – strengthen retirement applications, put money into key priorities, and fund all of it by making the rich and massive firms pay their justifiable share.