arum98@gmail.com - Biden lawmakers fail to reach breakthrough on debt ceiling

Biden lawmakers fail to reach breakthrough on debt ceiling   President Biden and congressional leaders made little progress toward securing a deal to raise the nation's debt limit at a crucial meeting Tuesday afternoon though they did express some optimism about future talks between staff from the White House and Speaker Kevin McCarthy .The talks hit a roadblock before the principals arrived at the White House, with McCarthy reiterating his demand to implement stricter work requirements for the Supplemental Nutrition Assistance Program (SNAP), an idea that has run into stiff Democratic resistance.   House Democratic Leader Hakeem Jeffries (D-N.Y.) and many other Democrats dismissed the McCarthy proposal as a "nonstarter," pointing out it would only save $11 billion over 10 years, hardly enough to make a dent in the nation's $31.4 trillion debt.   The impasse sets the stage for a dramatic two-to-three weeks of brinkmanship before the Treasury Department finally exhausts its ability to pay the nation's fiscal obligations on June 1. Treasury Secretary Janet Yellen said earlier Tuesday that time was running out to prevent a "catastrophic" default.                     If you don't want to receive these emails in the future, please click here 14125 West State Highway 29 Suite B-203 (Box 372) Liberty Hill, Texas 78642