Economy

Biden says Dems, GOP ‘remain committed’ to bipartisan solutions following McCarthy ouster

President Biden addressed the ongoing civil war taking place in the House of Representatives during his address on student debt Wednesday.

Biden opened his press event with comments on eight Republicans’ decision to oust House Speaker Kevin McCarthy with the support of House Democrats.

‘The House will now reorganize and select a new speaker,’ Biden said of the development in Congress. ‘I know it’s going to take some time, but I remind everyone we have a lot of work to do. And the American people expect us to get it done.’

McCarthy angered hardliners over the weekend when he passed a short-term spending bill known as a continuing resolution (CR) to keep the government open for 45 days in order to avert a government shutdown and give lawmakers more time to cobble together 12 individual spending bills.

Biden acknowledged this agreement and subsequent breakdown, urging Republicans and Democrats not to let Congress force an ‘eleventh-hour decision.’

‘The argument we reached was about what comes next. But we had an agreement. We reached an agreement over the weekend. Funds for government, only another forty days,’ Biden continued. ‘We cannot and should not again be faced with an eleventh-hour decision. Brinksmanship threatens to shut down the government. And we know what we have to do. We have to get it done in a timely fashion.’

Biden expanded the scope of his critique to all of Washington — saying that US lawmakers and officials must come together despite increased tensions.

‘I join with Minority Leader Jeffries in saying that our Republican colleagues remain committed to working in a bipartisan fashion. We are prepared to do it as well — for the good of the American people,’ Biden said. ‘Twice in the last six months, both houses came together on a bipartisan basis — once to avoid default, wants to keep the government open.’

The president ended with an explicit note of gratitude towards the former speaker, saying, ‘And while we should never have been in the situation in the first place, I’m grateful that leaders on both sides came together, including former Speaker McCarthy, to do the right thing.’

This post appeared first on FOX NEWS

You May Also Like

Stock

Union members at Ford, Stellantis and General Motors have ratified a new 4½-year contract, locking in at 11% pay increases secured after a six-week...

Investing

ASX-listed Antilles Gold (ASX:AAU, OTCQB:ANTMF) is an Australian mining company focused on gold and copper projects in Cuba through joint ventures with the Cuban...

Latest News

A man accused of murdering his girlfriend in Boston before fleeing to Kenya has been re-arrested following his escape from a police station in...

Latest News

Slovakian police have charged a man in connection with the attempted assassination of Prime Minister Robert Fico, the country’s interior minister said Thursday. Fico...

Disclaimer: Nationalfinancialnews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 nationalfinancialnews.com