However, with both sides dug in and the deadline approaching, the debate has turned into a life-or-death test of political strengt
The White House is clinging to an “irrational, reckless” strategy and Democrats are “terrified” about allowing “clueless” Biden to negotiate, tweeted the Freedom Caucus — the group of hard-right Republicans effectively controlling the razor-thin Republican majority in the House.A strong economic recovery from the Covid era is one of Biden’s main cards in his bid for a second term next year. So the 80-year-old has all the more reason to steer the country clear of crisis.
“They’re trying to hold the debt hostage to us to agree to some draconian cuts,” he told advisors Friday. “No one’s ever not voted to increase the debt limit,” he said. “I’m going to reiterate to congressional leaders that they should do what every other Congress has done — that is, pass the debt limit, avoid the default.”The two sides could simply punt, extending the debt ceiling for a few weeks, while talks continue.
Failing all else, the White House has not ruled out invoking a constitutional power to bypass Congress altogether and unilaterally authorize more borrowing — except this would likely be challenged in court.
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