<p>A leading <a href="https://www.dailywire.com/topic/treasury-department" target="_blank" rel="noopener">Treasury Department</a> official refuses to admit President <a href="https://www.dailywire.com/topic/joe-biden" target="_blank" rel="noopener">Joe Biden</a> waited until the threat of a historic default became imminent to negotiate the <a href="https://www.dailywire.com/topic/debt-ceiling" target="_blank" rel="noopener">debt ceiling</a>.</p>
<p><a href="https://www.dailywire.com/topic/cnn" target="_blank" rel="noopener">CNN</a> anchor Dan Bash pressed Treasury Deputy Secretary Wally Adeyemo about the issue on Sunday, weeks ahead of what could be an unprecedented government default.</p>
<p>&#8220;If the threat from default is so dire, why did the president wait until this month to have real negotiations about how to and where to have spending cuts in order to avert default?&#8221; Bash asked.</p>
<p>Adeyemo dismissed the premise of the question.</p>
<p>He argued that Biden &#8220;didn&#8217;t wait&#8221; because he <a href="https://www.whitehouse.gov/omb/budget/" target="_blank" rel="noopener">proposed a budget</a> in March to reduce the debt by nearly $3 trillion over the next decade. Republicans passed their own plan in the following month, Adeyemo noted, and Biden then invited congressional leaders to discuss &#8220;fiscal policy.&#8221;</p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="en" dir="ltr">&quot;If the threat from default is so dire, why did the president wait until this month to have real negotiations?&quot;</p>
<p>Deputy Treasury Secretary Wally Adeyemo: &quot;The president didn&#39;t wait&quot; 🤔 <a href="https://t.co/yC61sIUtPt">pic.twitter.com/yC61sIUtPt</a></p>
<p>&mdash; RNC Research (@RNCResearch) <a href="https://twitter.com/RNCResearch/status/1657748223593701377?ref_src=twsrc%5Etfw">May 14, 2023</a></p></blockquote>
<p>Congressional leaders met with Biden at the White House last week but failed to come up with an agreement. A planned second meeting on Friday was <a href="https://www.nbcnews.com/politics/congress/debt-ceiling-meeting-congressional-leaders-biden-delayed-rcna84020" target="_blank" rel="noopener">postponed</a>, but Adeyemo contended the conversations were &#8220;constructive&#8221; and stated that Biden has &#8220;made clear&#8221; he does not think <a href="https://www.dailywire.com/news/debt-ceiling-battle-lines-drawn-ahead-of-white-house-meeting" target="_blank" rel="noopener">invoking the 14th Amendment</a> to get around Congress would &#8220;solve our problems now.&#8221;</p>
<p>Biden and Democrats in Congress are advocating for a “clean” bill to raise the debt ceiling above the current limit of roughly $31.4 trillion, a stance which set them up for a clash with Republicans who want to discuss concessions on spending cuts after the GOP-led House passed their proposal in April.</p>
<p>&#8220;It&#8217;s clear that the only responsible way to raise the debt ceiling is to limit reckless spending and get inflation under control,&#8221; House Speaker Kevin McCarthy (R-CA) <a href="https://twitter.com/SpeakerMcCarthy/status/1657086310618902529" target="_blank" rel="noopener">tweeted</a> on Friday.</p>
<p><b data-stringify-type="bold"><a class="c-link c-link--focus-visible" href="https://onelink.to/dwapp" target="_blank" rel="noopener noreferrer" data-stringify-link="https://onelink.to/dwapp" data-sk="tooltip_parent" aria-describedby="sk-tooltip-10548">CLICK HERE TO GET THE DAILY WIRE APP</a></b></p>
<p>As talks continue, &#8220;There is no reason we shouldn&#8217;t raise the debt limit and prevent default in this country, a default that could lead to a massive recession that would cost us millions of jobs,&#8221; Adeyemo said.</p>
<p>Time is running short as the Congressional Budget Office <a href="https://www.cbo.gov/publication/59160" target="_blank" rel="noopener">warned there is &#8220;significant risk&#8221;</a> that the government would no longer be able to pay all of its debts at some point during the first two weeks of June if the debt limit remains unchanged despite “<a href="https://www.dailywire.com/news/yellen-warns-congress-extraordinary-measures-have-begun-after-debt-ceiling-breached" target="_blank" rel="noopener">extraordinary measures</a>” being taken by the Treasury Department.</p>
<p>&#8220;The president&#8217;s view is that we should be able to raise the debt limit and also be able to get a deal with regard to fiscal policy,&#8221; Adeyemo said on Sunday, sticking with the view that avoiding a default should be handled as a stand-alone issue.</p>

<script async src="https://www.instagram.com/embed.js"></script>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<script async src="https://www.tiktok.com/embed.js"></script><div data-widget-host="revcontent" data-pub-id="165152" data-widget-id="290588"></div><script src="https://delivery.revcontent.com/165152/290588/widget.js"></script>

Treasury Official Insists Biden ‘Didn’t Wait’ To Negotiate As Debt Default Nears

CONTINUE READING

DOJ To Start Giving Congress Epstein Docs By Week’s End, House Oversight Chair Says

Trump Weaponization Czar Puts January 6 Committee Associates On Notice

Critics Of Trump’s Ukraine-Russia Peace Effort Have Been ‘Wrong’ For Decades, GOP Senator Says

Rubio Reveals The ‘Only Way’ To Achieve Ukraine-Russia Peace Deal

GOP Proposal Gives Trump Authority To Extend D.C. Police Takeover

Bessent Targets ‘Eye-Popping’ Stock Gains Made By Members Of Congress

News

Debt Ceiling

Economy

Executive

Joe Biden

Politics

Treasury Department

A video goes viral showing a baby being refused his mother by two gay "dads". This is just the tip of the iceberg, which is why we will have an important discussion today about surrogacy. 

Hour 1

The Matt Walsh Show

Ep. 1765 - This Video Is One Of The Worst Things I've Seen In A Long Time 

The Strait of Hormuz officially opens for business (kind of), the Pope makes “shocking” comments on immigration, and President Trump promises UFO disclosure at TPUSA. 


The Michael Knowles Show

Ep. 1956 -  Pope Leo's "SHOCKING" Immigration Comments EXPLAINED

A false miscreed has corrupted our leadership class.


The Andrew Klavan Show

Ep. 1275 - Dumb, Dumber and Progressive

President Trump announces a 10-day ceasefire between Lebanon and Israel, a murder-suicide involving former Democratic Lieutenant Governor Justin Fairfax shakes Virginia, and France and Britain hold a conference to secure the Strait of Hormuz – after the Iranian conflict ends. Get the facts first with Morning Wire.

- - -

Ep. 2738

- - -

Wake up with new Morning Wire merch: https://bit.ly/4lIubt3

- - -

Today's Sponsors:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text 'WIRE' to 83848 to learn more.

Pocket Hose - Text MORNING to 64000 to get a FREE pocket pivot and their 10-pattern sprayer with the purchase of ANY size Copper Head hose. Message and data rates may apply.

Morning Wire

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26 [Member Exclusive]

A ceasefire goes into effect between Israel and Lebanon, a tragic murder-suicide rocks Virginia, and Dairy Queen deploys AI in the drive-thru. Get the facts first with Evening Wire.
- - -
Ep. 2737
- - -
Wake up with new Morning Wire merch: https://bit.ly/4lIubt3 
- - -
Today’s Sponsor:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text “WIRE” to 83848 to learn more.


Evening Wire: Lebanon Ceasefire Begins & Murder-Suicide Rocks VA | 4.16.26

The Pendragon Cycle

Menu

— News —

Treasury Official Insists Biden ‘Didn’t Wait’ To Negotiate As Debt Default Nears