White House and House Republican negotiators are at a stalemate over capping spending levels in the 2024 budget.
Why it matters: The deadlock resulted in a pause in debt ceiling talks on Friday morning as the fiscal cliff draws nearer.
What we’re hearing: “The White House wants to continue to spend more money,” Rep. Dusty Johnson (R-S.D.) told Axios.
The backdrop: Biden faces pressure from his left flank, which is pushing for him to lift the debt ceiling unilaterally via the 14th Amendment.
McCarthy faces similar pressure from the right, which expects him to deliver significant spending cuts.
Yes, but: On other issues, there appears to be more common ground.
Welfare work requirements is “an issue where there is not yet agreement, but it was not as big a flashpoint” as discretionary spending, Johnson said.“A number of these policy issues are a little easier to find common ground on – things like COVID aid and permitting reform, it’s easier to understand how to draw the lines in a way that is acceptable to both Democrats and Republicans,” Johnson added.
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Article URL : https://www.axios.com/2023/05/19/debt-ceiling-2024-spending-levels