The Political Drama of the Debt Ceiling Stand-Off.

1 min read
Source: POLITICO
The Political Drama of the Debt Ceiling Stand-Off.
Photo: POLITICO
TL;DR Summary

Democrats are negotiating with Republicans on the debt limit, despite previously stating they wouldn't. Many progressives are frustrated with the party's reversal and are urging President Biden to use the Constitution's 14th Amendment to raise the debt ceiling. However, Biden and Democratic leaders are attempting to strike a budget deal with Speaker Kevin McCarthy that could potentially include federal spending cuts and GOP demands. Centrist Democrats believe a deal can pass the House with moderate support from both parties, but House progressives refuse to rely on McCarthy to deliver the votes and insist it's too risky to alienate the left.

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