The president who said the debt ceiling was “not negotiable” ended up negotiating, barely bothering with the fiction that talks over spending were somehow separate. In pursuit of consensus, did Biden find the reasonable middle or give away too much?:
American politician, 55th Speaker of the United States House of Representatives
He has shown that repeatedly since being inaugurated 2-1/2 years ago even as skeptics doubted that cross-party accommodation was still possible.
But many on the political left are aggravated that Biden in their view gave into McCarthy’s hostage-taking strategy. The president who said the debt ceiling was “not negotiable” ended up negotiating it after all to avoid a national default, barely even bothering with the fiction that talks over spending limits were somehow separate.
As a result, the agreement will pare back anticipated spending over the decade just a fraction of what the Republicans sought. The Congressional Budget Office estimated that the caps passed by House Republicans last month would have trimmed $3.2 trillion in discretionary spending over 10 years; a rough New York Times calculation suggests the agreement reached by Biden and McCarthy might instead cut one-third of that or less.
On Friday night, even as the deal was coming together, the White House issued a sharp statement accusing Republicans of trying to “take food out of the mouths of hungry Americans” while preserving tax cuts for the wealthy — a broadside aimed as much at reassuring restive liberals as assailing hard-line conservatives.
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