Unspent Covid Funds May Be Off The Table In Debt Limit Talks
Axios reports that Democrats are reconsidering taking back unspent covid funds to make a deal.
Axios:
Dems Think Twice About Clawing Back COVID-19 Funds For Debt Limit
Congressional Democrats are having second thoughts about taking back unspent coronavirus funds as part of a debt limit deal, concerned that doing so could have serious consequences for myriad public health initiatives. The COVID-19 relief funds were supposed to be the low-hanging fruit in any debt ceiling compromise and have been overshadowed by more contentious issues like spending caps and Medicaid work requirements. (Knight and Goldman, 5/23)
The New York Times:
Biden And McCarthy Describe ‘Productive’ Debt Limit Talks, But No Deal Is Reached
President Biden and Speaker Kevin McCarthy expressed optimism on Monday that they could break the partisan stalemate that has prevented action to avert a default on the nation’s debt, but remained far apart on a deal to raise the debt limit as Democrats resisted Republicans’ demands for spending cuts in exchange. The two met face to face at the White House for the second time in two weeks in a show of good will after a weekend of behind-the-scenes clashes among negotiators, punctuated by a move by Republicans on Friday to halt the talks and accusations by both sides that the other was being unreasonable. (Edmondson and Rogers, 5/22)
The Hill:
These Are The Biggest Sticking Points In The Debt Ceiling Fight
Congress and the White House have just 10 days to reach a deal to raise the debt ceiling before the Treasury Department estimates the nation risks default. But major sticking points have emerged in the past week. (Folley, 5/22)
The New York Times:
Debt Limit Negotiators Debate Spending Caps To Break Standoff
Putting limits on future spending in exchange for raising the $31.4 trillion borrowing cap could be the key to clinching an agreement that would allow Republicans to claim that they secured major concessions from Democrats. It could also allow President Biden to argue that his administration is being fiscally responsible while not caving to Republican demands to roll back any of his primary legislative achievements. (Rappeport and Edmondson, 5/22)
