Politico: “Biden officials have privately discussed the potential for a compromise that heads off a debt ceiling crisis while separately granting McCarthy small concessions that would allow him to save face with his party — such as creating a commission to study and propose future spending reforms.”
“But the White House is unwilling to touch entitlement spending or gut programs central to Biden’s agenda. And while McCarthy has tamped down early talk of cuts to Medicare and Social Security, he is still likely to pursue major funding reductions across much of the government.”
“That means that any agreement the White House might consider supporting at this early stage, officials have concluded, is unlikely to appeal to the GOP.”
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