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The Excerpt

Biden, McCarthy have 'productive' debt ceiling meeting

The Excerpt

USA TODAY

News, Daily News

4.11.2K Ratings

🗓️ 23 May 2023

⏱️ 15 minutes

🧾️ Download transcript

Summary

President Joe Biden and House Speaker Kevin McCarthy had a 'productive' debt ceiling meeting, but still don't have a deal. USA TODAY White House Correspondent Joey Garrison reports.

Sen. Tom Carper will retire.

Sen. Tim Scott runs for president.

The NAACP issues a travel advisory for Florida.

USA TODAY Sports Senior Producer Larry Berger talks about a historic baseball park in New Jersey.


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Transcript

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0:00.0

Good morning, I'm Taylor Wilson, and this is five things you need to know Tuesday, the 23rd of May, 2023.

0:20.0

Today we check in with the Dead Sealing Talks, plus a new candidate enters the Republican presidential field,

0:26.0

and we hear about a historic baseball park in New Jersey.

0:36.0

Another day without a deal on the Dead Sealing, that's despite what appeared to be a productive meeting

0:42.0

between President Joe Biden and House Speaker Kevin McCarthy yesterday.

0:46.0

I spoke with USA Today White House correspondent Joey Garrison for more.

0:50.0

Howdy Joey.

0:52.0

Hey Taylor, thanks for having me.

0:54.0

Thanks for coming back on.

0:56.0

So you wrote that President Joe Biden has been ramping up his rhetoric in this Dead Sealing fight.

1:02.0

He obviously met with McCarthy again on Monday.

1:04.0

What did the latest chapter in these tensions look like on Monday?

1:08.0

President Biden and Speaker McCarthy both said they had a productive meeting,

1:14.0

but it was unclear exactly in which areas they made headway on.

1:18.0

McCarthy still pointed to spending cuts, whether it's expanded work requirements to be eligible for certain welfare programs

1:28.0

and other spending caps that Republicans want.

1:32.0

He's still digging into those and refusing a proposal by the White House to increase tax revenue

1:40.0

by increasing taxes on the wealthiest Americans and corporations.

1:44.0

But they did say it was a productive meeting and they think that they can get something done,

1:48.0

but there's still no deal yet.

1:52.0

And what seems to be the biggest sticking point at this point?

1:54.0

Well, I mean, I mentioned two of them.

...

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