Biden's Debt Ceiling Negotiations Bring Back Memories of 2011 for Dems.

1 min read
Source: POLITICO
Biden's Debt Ceiling Negotiations Bring Back Memories of 2011 for Dems.
Photo: POLITICO
TL;DR Summary

President Joe Biden's negotiations with House Republicans over the debt ceiling have caused concern among progressive Democrats who fear he may give in to GOP demands. The White House has signaled openness to imposing caps on government spending and clawing back pandemic aid, while also considering restrictions on certain safety net programs for the poor. In exchange, the White House wants the GOP to drop its effort to roll back parts of Biden’s key legislative accomplishments and take student debt relief off the table. Progressives warn that such a compromise would undermine the president’s economic record and betray Democrats who trusted the White House’s insistence it had learned the hard lessons of past debt limit showdowns.

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