President Joe Biden looks poised to tackle the debt-limit standoff, recession worries and acts of violence at home and abroad in his State of the Union remarks. Here are five challenges that Biden is facing ahead of his primetime address on Tuesday.
President Joe Biden will face no small task on Tuesday night, when he delivers his State of the Union speech after a little more than two years in office.
“The other framing is what issues might Biden think will give him a political advantage over Republican opponents,” she also said. Bydlak said he expects Biden in his speech will continue asserting that he won’t negotiate over raising the ceiling for federal borrowing with the Republican-run House of Representatives, where lawmakers want spending cuts in exchange for the hike. The standoff threatens to shake markets SPX, +1.47% DJIA, -0.11% later this year, if a divided Washington can’t make a deal and prevent a U.S. default.Also read: U.S.
On Wednesday, House Speaker Kevin McCarthy said he was optimistic about finding “common ground” with Biden over the debt ceiling after the two met at the White House, but the California Republican refused to reveal specific budget cuts he is seeking. “I suspect he will point to figures that paint a rosier picture of the current state of the economy, such as mostly strong job numbers despite recent layoffs in the tech XLK, +2.73% and financial XLF, +0.27% sectors.”Another possible speech topic also is tied to helping everyday Americans.
22V Research’s Wallace and R Street’s Bydlak said Biden probably won’t bring up the documents probe in his address.
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