Biden Caves and Agrees to Negotiate with Republicans on Debt Ceiling

The Hill reported that President Joe Biden is now open to negotiations with House Speaker Kevin McCarthy regarding raising the debt ceiling. Despite the White House previously criticizing McCarthy’s proposal to raise the debt ceiling with the Limit, Save, Grow Act, they are now willing to engage in talks. This development coincides with McCarthy’s trip to Israel, where he is leading a congressional delegation.

The President has scheduled a meeting with McCarthy, Senate Majority Leader Chuck Schumer, Senate Minority Leader Mitch McConnell, and House Minority Leader Hakeem Jeffries on May 9. Fox News has even confirmed the invitation, as per their senior congressional correspondent, Chad Pergram.

Congressional Republicans’ plan to raise the debt ceiling has been consistently criticized by the White House. The plan, which was approved by the House last week, would reset spending levels to those of fiscal year 2022, which Democrats initially celebrated. However, the White House reacted quickly, threatening a veto despite the plan being deemed unviable in the Democrat-controlled Senate.

White House Press Secretary Karine Jean-Pierre even went so far as to claim that the plan could cause children to develop asthma and “literally melt bones.” The proposal has been described as “harmful to Americans” and likely to “create economic chaos.” Republicans have at least put forward and passed a plan, whereas Democrats remain unwilling to engage in negotiations.

The reason behind Biden’s decision to negotiate on the debt ceiling issue could be attributed to Treasury Secretary Janet Yellen’s letter to McCarthy, warning that the US may default on its debt by June 1. It is illogical and hypocritical for Biden and most Democrats to resist negotiations regarding this matter.

While some Democrats have urged the President to negotiate with McCarthy, others persist in being overtly partisan. It would be beneficial for everyone to sit down and collaborate on this significant issue as soon as possible. President Biden and his Democratic counterparts should cease playing politics and prioritize the American people’s interests.

Written by Staff Reports

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