Over the past week, the President’s negotiating team has proposed options to reduce the deficit that both parties can support while also making clear that there are fundamental priorities that must be protected in this process.Įveryone understands that the consequences of a first-ever default would be severe for the American people and the American economy. While areas of disagreement remain, the President, the Speaker, and their teams will continue to discuss the path forward. They both reiterated that default is off the table and only way forward is good faith - good faith - is in good faith and toward a bipartisan budget agreement. The President and Speaker McCarthy had a productive meeting yesterday about the need to prevent a default and avoid a catastrophi- I’m sorry - catastrophe - pardon me - for our economy. And for those of you who are jetlagged, I feel your pain.

JEAN-PIERRE: I’m going to get the day right. Get Involved Show submenu for “Get Involved””.The White House Show submenu for “The White House””.Office of the United States Trade Representative.Office of Science and Technology Policy.Executive Offices Show submenu for “Executive Offices””.Administration Show submenu for “Administration””.

Controlled Response by Joey W. Hill