President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) have delegated primary negotiations over raising the debt ceiling and cutting spending to trusted surrogates, establishing a clearer process for resolving the standoff between the parties.
Steve Richetti, counselor to the president, and Shalanda Young, director of the Office of Management and Budget, will negotiate on behalf of the president while Rep. Garret Graves (R-La.) and members of McCarthy’s staff will take the lead for the speaker.
McCarthy announced the process change after an hour-long meeting with the president and other leaders on May 16, the second attempt at negotiations between the two….