Fresh from a White House meeting without any serious progress to reach an agreement on the increase in the debt ceiling, President Joe Biden begins a new strategy to pressure the Republicans in the House of Representatives.
Biden travels to Valhalla, New York, this Wednesday, where he will argue that Republicans are jeopardizing hard-fought economic gains by threatening bankruptcy. The area is represented by Republican Rep. Mike Lawler, whose district Biden won in 2020.
The White House will use the trip to highlight the economic achievements of the Biden administration, such as the number of jobs created during his tenure and a new focus on domestic manufacturing, while warning that an unprecedented debt default would threaten millions of jobs. work and increase the prospect of a recession.
Back in Washington, senior White House officials and congressional advisers are discussing a path to avoid a catastrophic debt default as soon as June 1 and preparing for another meeting between Biden and top Capitol Hill leaders later This week.
Yet House Speaker Kevin McCarthy, R-Calif., showed little sign that he and House Republicans were willing to budge on their debt ceiling proposal, and Biden stressed again that the plan of the Republicans it was impossible.
House Republicans, in their debt measure passed in April, target $4.5 trillion in deficit savings through spending cuts, eliminating tax breaks to invest in clean energy and undoing Biden’s proposal to pardon the student loan debt. The White House has made it clear that Biden would veto that legislation.
Democrats, who control the Senate 51-49, are calling for a “clean” debt limit increase with no strings attached such as spending cuts, but any such measure would require the support of at least nine Republican senators, and most of them he says he will oppose doing it.
2023-05-10 11:45:04
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