Democrats and Republicans could find agreement on spending caps, unused COVID-relief money and energy-permitting reforms
President Joe Biden and House Speaker Kevin McCarthy both spoke Tuesday evening after their debt-ceiling meeting at the White House.
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While a breakthrough doesn’t appear imminent in Washington’s debt-ceiling standoff, there is increasing chatter about what could go into a bipartisan deal that ends the stalemate and avoids a market-shaking default.
“The centerpiece of an obvious deal would be a two-year cap on discretionary spending, somewhere in between the president’s 6% proposed increase and the Republicans’ 9% proposed cut,” said Brian Riedl, a senior fellow at the conservative-leaning Manhattan Institute who focuses on budget, tax and economic policy.
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