Biden to meet with McCarthy on debt ceiling again Tuesday
CBSAUG 2023
Republicans are offering a very fair debt limit deal, one that distinguishes itself from past years of falsely promising to "balance the budget" in ten years. In exchange for raising the horrendously high debt by another $1.5T, all the GOP is asking for is that essential reforms be implemented. Rather than making serious efforts to negotiate, Biden is dangerously flirting with recycling the civil-war era 14th Amendment.
If Biden bypassed Congress to open the debt limit through the 14th Amendment, it doesn't mean he would become a budgetary tyrant, as only Congress can pass the budget. What it would mean is that once budget talks roll around, the GOP would be free to withhold funding and push for a government shutdown.