The ongoing debt limit crisis and Biden's stance: Updates and possibilities.

President Biden's stance on not negotiating with Republicans on the debt ceiling and keeping debt ceiling talks separate from the budget was shaped by past debt limit crises in 2011 and 2013. Biden has held firm that the discussion over raising the $31.4 trillion debt limit must take place separately from spending negotiations. Republicans are demanding spending cuts in exchange for agreeing to raise the debt limit. Biden's aides expect him to stress the political stakes for Republicans over the next few weeks should they refuse to budge on the debt limit.