Analysis: Lessons from initial blowback during Obama’s 2011 faceoff with congressional Republicans over the debt ceiling could be instructive for President Biden
by the federal government to cover past spending approved by Congress — hostage to broader goals of cutting federal spending, which was a central part of their 2022 midterm campaign message.that would do just that. The bill calls for aggressive caps on spending that would reduce
Another way to think about the ongoing debate is through the broader lens of the economy’s role in the 2024 election. The president wants the strongest possible economy in 2024. He needs that to bolster claims that he has been a careful and responsible steward in the face of various obstacles — and more successful at managing the economy than his predecessor.As president, Biden must do everything he can to protect the economy.
Obama administration officials reacted angrily and claimed the ratings agency had made an important error in its calculations. Standard & Poor’s conceded the error but stood firm on the downgrade.Obama’s analysis throughout was that the Republicans would be seen as the irresponsible party and that he would be judged as the adult in the room. If there was to be political fallout, it would all land on the Republicans.
him weakened politically. His prospects for reelection appeared worse than at the beginning of the summer of 2011. It took him months and a new strategy to begin his climb back up. Noting that both Republicans and Democrats have agreed that default is not an option, he added: “We urge both sides to act swiftly to secure a bipartisan agreement that takes default off the table and begins the hard work of dealing with our deficits and debt.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2024 McLaren 750S, 2024 Range Rover Sport SV: This Week's Top PhotosMcLaren's newest supercar, the Range Rover Sport SVR successor, and Shelby's first EV all made headlines this week.
Read more »
Democrats see abortion as winning issue with 2024 Biden reelection launchPresident Biden and Vice President Harris have signaled they'll put abortion access at the forefront of their reelection bid.
Read more »
Three 2024 headwinds Biden didn't have to face in 2020President Joe Biden launched his 2024 campaign earlier this week. He's focusing on beating back 'MAGA Republican extremists' and using the tag line 'Let's finish the job.'
Read more »
The Tiny, Tight-Lipped Circle of Aides Guiding Biden 2024When President Joe Biden announced his reelection campaign and its top two staff members this week, the names of his closest and longest-serving advisers were not included. A small circle of senior officials, some who have known Biden for longer than many of the soon-to-be-hired campaign staff members have been alive, will guide the president’s political strategy both in the White House and on the campaign trail. None of them have significant public personas. Of the six, only Jennifer O’Malley D
Read more »