Biden’s Big Win in the Debt Limit Deal

Washington Post: “For Biden, one upside of the deal — assuming it passes — is that he will not have to deal with the debt ceiling again until after the next presidential campaign, because the agreement raises the debt ceiling until 2025. This was a top priority of the administration, which will be grateful to move past the messy fight over the debt limit that has provoked substantial criticism even among fellow Democrats.”

Dan Pfeiffer: “Let’s be clear, this is shitty public policy foisted on the nation by a radical Republican House willing to blow up the economy and cause millions of jobs to vanish. Efforts to deal with deficits that do not include asking the wealthy and corporations to pay what they owe are cruel and wholly unserious. The tightening of access to aid for the most vulnerable Americans serves no purpose other than performative cruelty to appease the MAGA base.”

“But this could have been way worse in so many ways. The devil is very much in the details, but it seems like President Biden and his team outplayed McCarthy.”

Associated Press: “White House officials will brief House Democrats on a Sunday video call.”