Biden warns GOP on debt ceiling talks
Friday, June 24, 2011
COLUMBUS, Ohio (AP) -- Vice President Joe Biden says the Obama administration won't let the middle class "carry the whole burden" in negotiations to break a deadlock over the national debt limit.
Biden says there has been great progress on talks with Republicans on a deficit-reduction agreement. But he warns that Democrats won't agree to cuts in programs benefiting the middle class.
Biden has led discussions on a deficit-reduction plan but Republicans pulled out of the talks last week. That prompted President Barack Obama to take control of the negotiations.
The sides disagree over taxes. Democrats say a deficit-reduction agreement must include tax increases or the elimination of tax breaks for big companies and wealthy individuals. Republicans want huge cuts in government spending and insist on no tax increases.