President Biden Set to Veto Speaker McCarthy’s Debt Limit Proposal

Biden is not willing to negotiate or even speak with McCarthy about the budget. He is driving us closer and closer to a default. Fox News: President Biden is threatening to veto House Republicans’ “extreme” bill to address the debt limit, warning GOP lawmakers their measure could cause a recession and urging them to “take default off the table.” The White House accused House Republicans of proposing an “irresponsible” measure that would have “hard-working Americans” “shoulder the burden of devastating cuts, while doing nothing to ensure that wealthy or large corporations pay their fair share.” The White House said the bill would “force severe cuts” to education, food safety inspections, rail safety, health research, public safety, border security and veteran’s medical care, while also repealing Biden’s “one-time student debt-relief plan” (Fox News).  Axios: It’s the latest sign the Biden administration is firm on its refusal to negotiate with McCarthy on anything except a “clean” debt limit increase (Axios).