Some House Republicans want to leverage must-pass debt limit legislation to extract spending cuts, but President Biden and congressional Democrats aren't interested in negotiating.— currently $31.4 trillion — on Thursday, intensifying a high-stakes political battle already underway in Washington.
President Biden and congressional Democrats say they will not engage in negotiations on the nation's borrowing authority."Congress must deal with the debt limit and must do so without conditions," White House press secretary Karine Jean-Pierre reiterated this week. "After witnessing a month of wrangling over raising the debt ceiling, they doubted our political system's ability to act," President Barack Obama said at the time.This time, Republicans are raising the stakes — and their demands
The Republican Party does not have a successful track record when it comes to trying to change the social safety net. Former President George W. Bush tried and failed to overhaul Social Security for future retirees. Then-Rep. Paul Ryan'sfrom a guaranteed benefit to a voucher system was a core target of Democratic attack in the 2012 presidential race, when Ryan was Mitt Romney's running mate.
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