


President Joe Biden is adamant he has done his part as he and congressional Republicans negotiate over raising the debt ceiling in exchange for spending cuts.
"It's time for another side to move from their extreme positions because much of what they've already proposed is simply, quite frankly, unacceptable," Biden told reporters Sunday on the sidelines of the Group of Seven leaders meeting in Japan. "It's time for Republicans to accept that there's no bipartisan deal to be made solely on their partisan terms. They have to move as well."
LIBERALS BLAME REPUBLICANS, NOT BIDEN, FOR THEIR PURSUIT OF DEBT CEILING 'PLAN B'
Biden and House Speaker Kevin McCarthy (R-CA) are set to speak on the phone during the president's flight home after negotiations fell apart over the weekend between their respective representatives.
"I'm not going to agree to a deal that protects, for example, a $30 billion tax break for the oil industry, which made $200 billion last year," he said. "They don't need an incentive of another $30 billion while putting [the] healthcare of 21 million Americans at risk by going after Medicaid."
"I'm not going to agree to a deal that protects $200 billion in excess payments for pharmaceutical industries and refusing to count that, while cutting over 100,000 school teachers and assistant jobs, 30,000 law enforcement officers jobs cut across the entire United States of America," he added. "I'm not going to agree to a deal that protects wealthy tax cheats and crypto traders while putting food assistance at risk for nearly 1 million Americans."
White House press secretary Karine Jean-Pierre described McCarthy's weekend proposal as "a big step back" 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," she wrote in a statement. "Let’s be clear: The president’s team is ready to meet any time."
"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," she said.
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Earlier, McCarthy told reporters on Capitol Hill the White House had "moved backwards" after he and his negotiators suspended talks on Saturday until Biden's return.
“I think the Bernie Sanders and the socialist wing of their party has had real effect on the president, especially with him being out of the country," he said. "I don't think we're going to be able to move forward till the president can get back in the country.”