Tag: debt

The Logic Behind Biden’s Refusal to Negotiate the Debt Ceiling

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President Joe Biden has already made the most important domestic-policy decision he’ll likely face this year. Biden and his top advisers have repeatedly indicated that they will reject demands from the new GOP majority in the House of Representatives to link increasing the debt ceiling with cutting federal spending. Instead, Biden is insisting that Congress pass a clean debt-ceiling increase, with no conditions attached. [Annie Lowrey: The trillion-dollar coin might be the least bad option] Biden’s refusal to negotiate with Republicans now is rooted in the Obama administration’s experiences in…

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Democrats urge Biden to cancel student debt as administration extends payment deadline

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Several prominent Democrats are continuing to push President Biden on canceling student debt, shortly after the administration extended a payment deadline for borrowers. Rep. Ayanna Pressley, Massachusetts Democrat, said Mr. Biden has the authority to cancel federal student debt outright. “Student debt cancellation is good policy AND good politics,” Ms. … The Washington Times stories: White House

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