How Past Debt Limit Crises Shaped Biden’s No-Negotiation Stance

Posted on AllSides May 10th, 2023
From The Left

As a debt limit crisis loomed in 2011, Vice President Joseph R. Biden Jr. described early negotiations with Republicans as civil, at one point suggesting that the process was about finding out who was willing to trade their side’s bicycle for the other side’s golf clubs.

The genteel vibe came to a halt that summer, when Speaker John A. Boehner walked away from a deal because he was not able to wrangle the Republicans in his caucus. Months later, congressional leaders agreed to raise the debt ceiling and cut trillions in federal spending to...

Read full story
Some content from this outlet may be limited or behind a paywall.

AllSides Picks

https://www.nytimes.com/2023/05/10/us/politics/biden-obama-debt-limit.html

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right