Democrats acknowledge Biden-McCarthy debt limit deal will likely bow to GOP

Democrats are starting to acknowledge that even the best possible deal President Biden can strike with House Speaker Kevin McCarthy on the debt limit will present a loss for the party.

Democratic lawmakers on Capitol Hill expressed frustration that Republicans appeared to be in the driver’s seat. Republicans have rebuffed Mr. Biden’s push to close tax loopholes and expand Medicare’s ability to negotiate the price of prescription drugs, while forcing the White House to haggle over spending caps and welfare work requirements. 

“This is not negotiation, this is extortion,” Rep. Alexandria Ocasio-Cortez, New York...