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Debt ceiling standoff: Lessons from 2011 and potential solutions.

1 min read
Source: NPR
Debt ceiling standoff: Lessons from 2011 and potential solutions.
Photo: NPR
TL;DR Summary

Former Treasury Secretary Jack Lew, who witnessed debt ceiling standoffs during the Obama administration, advises President Biden to shift negotiations to spending bills and separate them from the debt ceiling increase. House Republicans want to tie the debt ceiling increase to cuts in federal spending, while Democrats insist on a "clean" debt ceiling bill. The U.S. could run out of cash to pay its bills as soon as June 1 if Congress fails to raise the debt limit.

Topics:nation#biden#congress#debt-ceiling#lew#negotiations#politics
Share this article
  1. As the debt ceiling standoff continues, Jack Lew offers lessons from 2011  NPR
  2. Dems plotted for months to try and bypass McCarthy, force debt ceiling vote  Business Insider
  3. Schumer calls for two-year debt ceiling hike  Washington Post
  4. Speaker McCarthy is risking the American economy for a MAGA wish list  The Hill
  5. Explainer: Could Biden avert a debt default by using the 14th Amendment?  Reuters

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