“President Biden said he wouldn’t support efforts to eliminate the debt ceiling altogether, in the face of Republicans’ calls to use it as leverage to cut government spending if they take control of the House in the midterms,” the Wall Street Journal reports.
When asked if he supported a permanent repeal of the debt limit, Biden said: “No. That would be irresponsible.”
However, Politico reports Biden also saying: “They will crash the economy next year by threatening the full faith and credit of the United States — for the first time in our history putting the United States in default — unless we yield to their demand to cut Social Security and Medicare. Let me be really clear: I will not yield. I will not cut Social Security. I will not cut Medicare, no matter how hard they work at it.”
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