When POTUS began holding debt ceiling talks at the White House, he insisted he was the one taking default off the table. Democratic congressional leaders went a step further, asserting that SpeakerMcCarthy did not.
Democratic congressional leaders went a step further, asserting that House Speaker Kevin McCarthy did not.“We explicitly asked Speaker McCarthy, ‘Would he take default off the table?’ He refused,” Senate Majority Leader Chuck Schumer told reporters. “Instead of him giving us a plan to remove default, he gave us a plan to take default hostage. And that is a shame because it makes things more complicated.
Schumer has not, at this writing, passed a debt ceiling extension through the Senate. After weeks of contending McCarthy did not have the votes for a GOP plan, it is not clear the Senate Democratic leader has the votes to raise the debt ceiling unaccompanied by spending cuts. But Biden was at that time no less willing to risk default over his fiscal priorities and agenda than were McCarthy and the House Republicans. And whatever the merits of the president’s argument that the debt ceiling has been raised without conditions in the past, he remained unwilling to align his goals with what could pass Congress now.
McCarthy, citing the $1.5 trillion increase in the debt limit in the House-passed bill, sees the matter differently. “Apparently, President Biden doesn’t want a deal, he wants a default,” he told reporters after one White House meeting.
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