Debt Ceiling Politics: McCarthy's Leverage and Biden's Big Choice.
TL;DR Summary
House Republicans have passed a bill that would raise the debt ceiling while cutting federal spending, which Democrats oppose linking. Senate Democrats have labeled key provisions "nonstarters" and the White House says Biden would veto it. However, it could increase pressure on Biden to start talking about compromises, since neither party wants to default on the national debt. Biden and the White House have insisted that raising the debt limit be kept separate from talks about spending cuts.
- House GOP debt ceiling bill may give McCarthy new leverage NPR
- Biden Faces His First Big Choice on Debt Limit The New York Times
- What the debt bill cuts would mean for health programs Axios
- Kevin McCarthy Is Not Good at This The New Republic
- As Congress pivots to debt, it shouldn’t forget the inflation connection The Hill
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