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Debt Ceiling Negotiations Seesaw as GOP Asserts Itself

Punchbowl News: “The status of negotiations over the debt limit is extremely fluid. Members of the House GOP’s negotiating team — Reps. Patrick McHenry (R-NC) and Garret Graves (R-LA) — have told allies on Capitol Hill that talks have seesawed between positive and on the brink of a breakdown.”

“In fact, Speaker Kevin McCarthy and his negotiators repeatedly have warned the White House that a deal won’t be possible unless they agree to cut spending next year.”

“The White House, for its part, has tried to secure some Democratic wins without success. Administration officials looked to close tax loopholes and broaden prescription drug price negotiations for Medicare, but they were rebuffed by Republicans.”

Politico: “While McCarthy is keeping his often-fractious members in his corner more consistently than his predecessors, his newness to the glare of White House negotiations leaves Washington without a decoder ring for his public vows that — even as the two sides stay far apart on big issues — a deal is still possible by next week.”

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