Government Budget Negotiations Continue

President names advisors to his negotiating team.

Before President Joe Biden headed to Japan and the G7 Summit, he added two advisers to his administration’s budget negotiation team. Steve Ricchetti, counselor to the president, and Shalanda Young, the Director of the Office of Management and Budget, will join Louisa Terrell, the president’s top legislative liaison, and Vice President Kamala Harris in negotiations with Congress.

President Biden met with House Speaker Kevin McCarthy on Tuesday to negotiate on the federal budget. They reportedly made some progress and, though neither felt they left the meeting on the same page, both expressed observation of some positive motion.

“There’s still work to do,” the president said after the meeting, but felt that the parties were “on a path forward to make sure that America does not default on its debt for the first time.”

Following meetings on Tuesday, the House speaker indicated they were not close to agreeing on how the debt ceiling should be raised. He did signal the appointment of Terrell, Ricchetti, and Young as  a positive step, with the caveat, “That doesn’t mean we’re going to get an agreement.” 

As the Lord Leads, Pray with Us…

  • For the president’s safety as he flies to Japan today to take part in the G7 Summit.
  • For the vice president and others on the administration’s budget negotiations team.
  • For Speaker McCarthy and other legislative leaders as they discuss the government’s debt ceiling.

Sources: Reuters, Politico, Just The News, CNN 


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