Make a Living ClubMake a Living Club
  • Home
  • News
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • More
    • Economy
    • Politics
    • Real Estate
Trending Now

Bear Market? Prepare Now With These 5 Best Stocks

December 11, 2025

TWFG: A Growing Insurance ‘Middle Man’ (NASDAQ:TWFG)

December 10, 2025

Trump’s immigration data dragnet

December 10, 2025

Shinhan Financial: Watch Out For Positive Surprises (NYSE:SHG)

December 9, 2025

Asante Gold: Growth In Medium-Sized Gold Production, But With Relevant Risk

December 8, 2025

The power crunch threatening America’s AI ambitions

December 8, 2025
Facebook Twitter Instagram
  • Privacy
  • Terms
  • Press
  • Advertise
  • Contact
Facebook Twitter Instagram
Make a Living ClubMake a Living Club
  • Home
  • News
  • Business
  • Finance
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • More
    • Economy
    • Politics
    • Real Estate
Sign Up for News & Alerts
Make a Living ClubMake a Living Club
Home » Biden will cut international trip short as Washington scrambles to avoid debt default
News

Biden will cut international trip short as Washington scrambles to avoid debt default

Press RoomBy Press RoomMay 16, 2023
Facebook Twitter Pinterest LinkedIn WhatsApp Email

WASHINGTON — As President Joe Biden hosts congressional leaders at the White House for a highly anticipated meeting on the debt limit Tuesday, stricter work requirements for social safety net programs are emerging as a potential area of compromise.

The White House also said Tuesday that it would cancel the second leg of the president’s upcoming international trip, given the delicate state of the debt ceiling negotiations.

Biden is currently scheduled to depart Wednesday for Japan, where he will attend the Group of Seven summit. He will now return to the U.S. on Sunday immediately after the meeting ends, and will not make planned visits to Papua New Guinea and Australia, a source familiar with Biden’s trip planning told NBC News.

His return will set up a critical stretch in the efforts to avoid a first-ever default on U.S. debt and prevent major economic damage.

The work restrictions for social programs are a key demand of House Republicans, who included them in a partisan debt limit bill that passed that chamber last month.

“The public wants it,” House Speaker Kevin McCarthy, R-Calif., said Tuesday, citing a recent ballot initiative in Wisconsin. “Both parties want it, the idea that [Democrats] want to put us into a default because they will not work with us on that is ludicrous to me.”

But the issue is also a red line for some progressive Democrats, a fact that could scramble the vote math of any debt limit deal that could pass the House.

Increasing the current work requirements for federal assistance programs are “a nonstarter for me,” said Rep. Ro Khanna, a California Democrat and member of the Congressional Progressive Caucus, on MSNBC.

“It’s just cruel, especially as we see the slowing down of the economy,” Khanna said. “I’m hopeful the president will stick to what he said, that we pay our debts and then we can negotiate on the budget.”

But Biden and the White House have signaled in recent days that the requirements could be on the table, as Congress races to reach a deal to raise or suspend the debt limit in time to avoid economic fallout from a potential default that could come early next month.

CNBC Politics

Read more of CNBC’s politics coverage:

Biden and Vice President Kamala Harris were meeting with McCarthy, Minority Leader Hakeem Jeffries, D-N.Y., Senate Majority Leader Chuck Schumer, D-N.Y., and Minority Leader Mitch McConnell, R-Ky.

Over the weekend, Biden answered a question about the work requirements by pointing to his own Senate record of voting for welfare work requirements in the 1990s.

“I voted for tougher aid programs, that’s in the law now, but for Medicaid it’s a different story,” Biden said Sunday in Rehoboth, Del. “And so I’m waiting to hear what their exact proposal is.”

A Republican bill passed last month included stricter work requirements not only for Medicaid, but for the Temporary Assistance to Needy Families, or TANF, funds, as well as Supplemental Nutrition Assistance Program food stamps.

The White House reiterated Tuesday that Biden would reject at least some of the proposed work requirements.

Biden “will not accept proposals that will take away people’s health coverage,” said White House press secretary Karine Jean-Pierre. She did not say, however, that he would not accept changes to food stamps or temporary assistance programs.

This is a developing story, please check back for updates.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

Bear Market? Prepare Now With These 5 Best Stocks

News December 11, 2025

TWFG: A Growing Insurance ‘Middle Man’ (NASDAQ:TWFG)

News December 10, 2025

Shinhan Financial: Watch Out For Positive Surprises (NYSE:SHG)

News December 9, 2025

Asante Gold: Growth In Medium-Sized Gold Production, But With Relevant Risk

News December 8, 2025

Macquarie Value Fund Q3 2025 Sales And Purchases

News December 7, 2025

Box Q3: Limited Alpha Ahead (NYSE:BOX)

News December 5, 2025
Add A Comment

Leave A Reply Cancel Reply

Latest News

TWFG: A Growing Insurance ‘Middle Man’ (NASDAQ:TWFG)

December 10, 2025

Trump’s immigration data dragnet

December 10, 2025

Shinhan Financial: Watch Out For Positive Surprises (NYSE:SHG)

December 9, 2025

Asante Gold: Growth In Medium-Sized Gold Production, But With Relevant Risk

December 8, 2025

The power crunch threatening America’s AI ambitions

December 8, 2025
Trending Now

Macquarie Value Fund Q3 2025 Sales And Purchases

December 7, 2025

Fed expected to cut rates despite deep divisions over US economic outlook

December 7, 2025

Box Q3: Limited Alpha Ahead (NYSE:BOX)

December 5, 2025

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

Make a Living is your one-stop news website for the latest personal finance, investing and markets news and updates, follow us now to get the news that matters to you.

We're social. Connect with us:

Facebook Twitter Instagram YouTube LinkedIn
Topics
  • Business
  • Economy
  • Finance
  • Investing
  • Markets
Quick Links
  • Cookie Policy
  • Advertise with us
  • Get in touch
  • Submit News
  • Newsletter

Subscribe to Updates

Get the latest finance, markets, and business news and updates directly to your inbox.

2025 © Make a Living Club. All Rights Reserved.
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.