Cantor: Biden talks must be serious, not political theater

“For this commission to succeed, the president must agree to work with us in earnest. Going in, we need a clearly defined mission and a targeted purpose to be accomplished within a specific and binding timeframe,” Cantor said.

Cantor in his statement reiterated that House Republicans will not raise the nation’s $14.3 trillion debt ceiling “if the president and our Democratic colleagues refuse to accept serious reforms that immediately reduce federal spending and end the culture of debt in Washington.”

He said the spending limits must be “binding.”

The deficit talks led by Vice President Joe BidenJoseph (Joe) Robinette BidenOvernight Tech: FCC won't delay net neutrality vote | Google pulls YouTube from Amazon devices | Biden scolds social media firms over transparency Medicaid funds shouldn't be used to subsidize state taxes on health care Biden hits social media firms over lack of transparency MORE will kick off on May 5. Senate Minority Whip Jon Kyl (R-Ariz.), Finance Committee Chairman Max BaucusMax Sieben BaucusBooker tries to find the right lane  Top Lobbyists 2017: Hired Guns GOP tries to keep spotlight on taxes amid Mueller charges MORE (D-Mont.), Appropriations Committee Chairman Daniel Inouye (D-Hawaii), House Assistant Minority Leader Jim Cyburn (D-S.C.) and House Budget Committee Ranking Member Chris Van Hollen (D-Md.) will also join the meeting.