It's Only One Side!

They blame Biden for Republican constantly obstructing governance.

The junk food media continues to blame President Joe Biden for Republicans refusing to raise the debt ceiling. This happens every time Democrats are in the White House.

Why can't both sides do their jobs?

Frequent talking point from the far left and the agitators in cable news. It is like Congress is the legislative body, the president is the executive operator and the Supreme Court is the judicial authority. When you have one body of government ran by far right extremists, a court ruling in favor of far right extremists and a society driven by partisan hacks telling these sheep to hate people for no fucking reason.

As Congress leaves for Memorial Day weekend, they leave with nothing accomplished.

The economists, world banks, ceditors, Treasury Secretary Janet Yellen, China, Russia and the world leaders allied to the U.S. are watching this.

Washed Up 45 is proud of the Republicans holding firm on their pledge to not raise the debt ceiling without passing spending cuts. The former president has raise the debt ceiling by $8 trillion and there was little resistance from Republicans. 

Now that a Democrat is in control, now all of sudden Republicans want to stop reckless spending.

The president and House Speaker Kevin McCarthy (R-CA) are closing in on a deal that would raise the government's $31.4 trillion debt ceiling for two years while capping spending on most items, a U.S. official told Reuters.

The deal, which is not final, would increase funding for discretionary spending on military and veterans while essentially holding non-defense discretionary spending at current year levels, the official said, who requested anonymity because they are not authorized to speak about internal discussions.

The White House is considering scaling back its plan to boost funding at the Internal Revenue Service to hire more auditors and target wealthy Americans, the official said.

A second U.S. official said IRS funding is an open issue, but the main thrust is ensuring the agency executes the president's priorities, even if there is a small haircut or funding is moved around.

The final deal would specify the total amount the government could spend on discretionary programs like housing and education, according to a person familiar with the talks, but not break that down into individual categories. The two sides are just $70 billion apart on a total figure that would be well over $1 trillion, according to another source.

The two sides met virtually on Thursday, the White House said.

Republican negotiators have backed off plans to increase military spending while cutting non-defense spending and instead backed a White House push to treat both budget items more equally, a source familiar with the talks told Reuters.

Biden said they still disagreed over where the cuts should fall.

"I don't believe the whole burden should fall back to middle class and working-class Americans," he told reporters.

House Speaker McCarthy told reporters Thursday evening the two sides have not reached a deal. "We knew this would not be easy," he said.

It is unclear precisely how much time Congress has left to act. The Treasury Department was warned that it could be unable to cover all its obligations as soon as June 1, but on Thursday said it would sell $119 billion worth of debt that will come due on that date, suggesting to some market watchers that it was not an iron-clad deadline.

"They have suggested in the past that they would not announce auctions that they did not believe they had the means to settle," Gennadiy Goldberg, senior rates strategist at TD Securities in New York. "So I do think that's a positive note."

Any agreement will have to pass the Republican-controlled House of Representatives and the Democratic-controlled Senate. That could be tricky, as some right-wing Republicans and many liberal Democrats said they were upset by the prospect of compromise.

"I don't think everybody's going to be happy at the end of the day. That's not how the system works," McCarthy said.

The House adjourned on Thursday afternoon for a week-long break, and the Senate is not in session. Lawmakers have been told to be ready to come back to vote if a deal is reached.

The deal would only set broad spending outlines, leaving lawmakers to fill in the blanks in the weeks and months to come.

Biden has resisted Republican proposals to stiffen work requirements for anti-poverty programs and loosen oil and gas drilling rules, according to Democratic Representative Mark Takano.

Representative Kevin Hern, who leads the powerful Republican Study Committee, told Reuters a deal was likely by Friday afternoon.