Biden Negotiated Over Debt Ceiling as Vice President, Refuses Talks Now

Vice President Joe Biden worked with President Joe Biden to negotiate the debt ceiling in 2011, but he is refusing to do it now.

House Republicans call for spending cuts along with an increase to the nation’s $31.4 trillion debt limit. 

The debt limit was last increased by $2.5 billion in December 2021. Senate Majority leader Mitch McConnell joined 17 Senate Republicans in voting for a 12-year-long spending bill. It was passed in December 2022. The debt limit was not addressed by the bill. 

The U.S. Treasury Department The $31.4 national debt limit was reached and the Treasury Secretary Janet Yellen has taken extraordinary steps to reach it. Janet Yellen, Treasury Secretary to the United States, stated that the U.S. would default on June 1st if Congress doesn’t reach a debt limit agreement. 

According to the White House, Biden will not be negotiating about the debt limit. He supports an increase in the debt ceiling without strings attached. 

“It is something that should be done without conditions,” said White House Press Secretary Karine Jean-Pierre. “There should be — we should not be negotiating around it.

“It is the duty — the basic duty of Congress to get that done. And so, we’re not going to — we’re just not going to negotiate about that.”

McCarthy, the House Speaker, has indicated that he is open to discussing the debt limit with President Obama. 

“If you had a child and you gave them a credit card, and they kept hitting the limit, you wouldn’t just keep increasing it,” On Wednesday, he stated the following: “You’d first see what are you spending your money on? How can we cut items out?”

The House will be back in session on Jan. 24, The Senate returns February 4.

Biden held talks with a bipartisan team of legislators about the debt limit May 2011 The GOP had the House majority and the Democrats the Senate majority when it was controlled by the Democrats. Back then, the limit was set at $14.3 trillion.

*As an Amazon Associate I earn from qualifying purchases