Debt limit battle intensifies between White House and GOP.

1 min read
Source: CNN
Debt limit battle intensifies between White House and GOP.
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TL;DR Summary

The White House is escalating political pressure on House Republicans over the looming debt ceiling battle, with President Biden leveling a series of policy and political attacks at House Republicans. The positions of the two sides remain unchanged and completely incompatible, with Biden and his top advisers saying unequivocally they will not negotiate over a debt ceiling increase and will only accept a clean proposal to raise the nation’s borrowing limit. McCarthy and House Republicans have labeled that position a non-starter and are demanding significant spending cuts in order to sign on to any increase.

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