{"id":544084,"date":"2023-01-26T23:53:04","date_gmt":"2023-01-26T20:53:04","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/biden-i-wont-let-gop-use-debt-ceiling-as-bargaining-chip\/"},"modified":"2023-01-26T23:53:04","modified_gmt":"2023-01-26T20:53:04","slug":"biden-i-wont-let-gop-use-debt-ceiling-as-bargaining-chip","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/biden-i-wont-let-gop-use-debt-ceiling-as-bargaining-chip\/","title":{"rendered":"#Biden: I won\u2019t let GOP use debt ceiling as \u2018bargaining chip\u2019"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a28279e2162e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a28279e2162e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/biden-i-wont-let-gop-use-debt-ceiling-as-bargaining-chip\/#Biden_I_wont_let_GOP_use_debt_ceiling_as_%E2%80%98bargaining_chip\" >Biden: I won\u2019t let GOP use debt ceiling as \u2018bargaining chip\u2019<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"Biden_I_wont_let_GOP_use_debt_ceiling_as_%E2%80%98bargaining_chip\"><\/span>Biden: I won\u2019t let GOP use debt ceiling as \u2018bargaining chip\u2019<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/01\/54047af67f644c8eaec51465a9278bbd.jpg?w=900\" \/><\/p>\n<div>\n<p>President Biden on Thursday called the prospect of the federal government defaulting on its debt \u201cmind-boggling\u201d but pushed back against Republican lawmakers seeking to leverage negotiations over raising the debt ceiling in exchange for spending cuts.<\/p>\n<p>\u201cIf Republicans want to work together on real solutions and continue to grow manufacturing jobs, build the strongest economy in the world and make sure Americans are paid a fair wage, I\u2019m ready,\u201d Biden said in remarks on the economy in Springfield, Va. \u201cBut I will not let anyone use the full faith and credit of the United States as a bargaining chip.\u201d<\/p>\n<aside class=\"ad-unit ad-unit--mr1_ab\"><\/aside>\n<p>Biden\u2019s comments come as the White House has staked out the position that it will not negotiate with Republicans over the debt limit. Administration officials believe the debt ceiling should be raised as part of a clean vote, without other conditions attached.<\/p>\n<p>Some Republicans have argued the government should agree to cuts or reforms to major programs in order to limit future spending as part of any agreement to raise the debt ceiling. Even some moderate Republicans have suggested Biden will have to come to the negotiating table to hammer out an agreement.<\/p>\n<p>\u201cThe very notion that we would default on the safest, most respected debt in the world is mind-boggling,\u201d Biden said. \u201cI\u2019m not going to get into the reckless threats that take the economy hostage in order to force an agenda that\u2019s going to only limit American workers and weaken us internationally. I won\u2019t let that h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>en.\u201d<\/p>\n<p>Biden placed much of the blame for the state of the debt on his predecessor, noting that roughly 25 percent of the current national debt total was accumulated during the Trump administration. The Biden administration has argued its spending bills are paid for and will ultimately cut the debt by nearly $2 trillion. But that amount is a drop in the bucket compared to the total debt, which is nearly $31 trillion.<\/p>\n<p>Congress must act to raise the debt limit in the coming months, or the U.S. will default. The debt limit allows the government to pay money it has already approved, not cover new spending.\u00a0<\/p>\n<p>White House officials and economists have warned that failing to raise the debt limit could result in economic catastrophe, including job losses, a stock market decline and the loss of government services for veterans, seniors and other Americans.<\/p>\n<aside class=\"ad-unit ad-unit--mr2_ab\"><\/aside>\n<p>Biden\u2019s remarks on Thursday came as part of a broader speech on the economy, where he touted the accomplishments of his first two years in office while lambasting House Republicans for some of the proposals they\u2019ve put forward since regaining the majority this month.<\/p>\n<p>He mocked the GOP for a bill proposal that would establish a 30 percent national sales tax, noting that Speaker Kevin McCarthy (R-Calif.) has said he opposes the idea.<\/p>\n<p>\u201cThe Republican Speaker says he\u2019s not so sure he\u2019s for it,\u201d Biden said.<\/p>\n<aside class=\"ad-unit ad-unit--mr3_ab\"><\/aside>\n<p>Administration officials have also criticized a House GOP bill that would restrict releases from the Strategic Petroleum Reserve, arguing it would limit the federal government\u2019s contingency options in times of crisis and potentially drive up oil prices.<\/p>\n<p>Biden\u2019s economic speech on Thursday served as something of a preview of the months to come as he hits the road to pitch voters on his agenda and accomplishments of the past two years in preparation for a likely 2024 campaign announcement.<\/p>\n<p>The president touted the benefits of the bipartisan infrastructure law and a bipartisan bill to boost investments in semiconductor chip manufacturing, both of which he said would create good-paying jobs and revitalize communities.<\/p>\n<aside class=\"ad-unit ad-unit--mr4_ab\"><\/aside>\n<p>He also highlighted passage of the Inflation Reduction Act, which passed with only Democratic votes and funds key White House priorities like cutting health care costs and increasing investments in green <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> intended to combat climate change.<\/p>\n<p>Biden said Thursday he is tapping several top administration officials to lead an \u201cInvest in America\u201d Cabinet that will ensure those bills and other parts of his economic agenda are used to maximize job creation. Members including the secretaries of Transportation, Labor, Commerce and Energy, as well as senior White House advisers like Mitch Landrieu, who oversaw implementation of the infrastructure bill.<\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thehill.com\/homenews\/administration\/3832113-biden-i-wont-let-gop-use-debt-ceiling-as-bargaining-chip\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Biden: I won\u2019t let GOP use debt ceiling as \u2018bargaining chip\u2019 President Biden on Thursday called the prospect of the federal government defaulting on its debt \u201cmind-boggling\u201d but pushed back against Republican lawmakers seeking to leverage negotiations over raising the debt ceiling in exchange for spending cuts. \u201cIf Republicans want to work together on real&#8230;<\/p>\n","protected":false},"author":1,"featured_media":544085,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/01\/54047af67f644c8eaec51465a9278bbd.jpg?w=1280","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[134344,116734,70610,80445,991,35813,34149,135592,138974,41445,71525,70289,134345],"class_list":["post-544084","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-administration","tag-debt-ceiling","tag-finance","tag-healthcare","tag-joe-biden","tag-kevin-mccarthy","tag-latino","tag-medical-advances","tag-mitch-landrieu","tag-mitch-mcconnell","tag-national-security","tag-senate","tag-state-watch"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/544084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=544084"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/544084\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/544085"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=544084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=544084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=544084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}