After months of playing it cool on the debt ceiling, the White House has quickly begun to turn the screws on Republicans in an attempt to shift blame for the financial brinkmanship squarely onto Senate Minority Leader Mitch McConnell
While acknowledging they would far prefer using other avenues, White House officials said Monday that they
Though he has said the debt ceiling will be — and should be — raised, McConnell has made it clear he wants no part in helping Biden, and insists Democrats must go it alone after he gave them “nearly three months’ notice to do their job.” On Monday, Biden joined Yellen in talking up the kitchen table repercussions of a default: Sending the economy over a cliff, he said, risks jobs and retirement savings, Social Security benefits, salaries for service members and benefits for veterans, among other items.
Faced with these prospects, some progressives are wishing the White House would go much further — and think more creatively — than it is currently doing. Josh Bivens, director of research at the Economic Policy Institute, a left-leaning think tank, said he’s come to prefer a route specified by some Democrats that would punt the debt limit years and years into the future.
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