The White House argues it’s still not negotiating over the debt ceiling — just having budget talks with a debt ceiling component.
President Joe Biden finally feels good about his chances of striking a debt ceiling agreement in time to avert economic catastrophe.The emerging outline of a debt limit deal between Biden and House Republicans has fed growing dismay among progressive Democrats over the White House’s negotiating strategy — and raised fears that a president who once dared Republicans to test his resolve is preparing to give on a host of GOP demands to make the issue go away.
To this day, the White House argues it is not actually negotiating over the debt ceiling, but merely having budget negotiations with a debt ceiling component attached. Such a deal would effectively get Biden through the 2024 election without having to negotiate over the debt ceiling again. But progressives warn it would also undermine the president’s economic record, and amount to a betrayal of Democrats who trusted the White House’s insistence it had learned the hard lessons of past debt limit showdowns.
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