Tag: Treasury Secretary
The Logic Behind Biden’s Refusal to Negotiate the Debt-Ceiling
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.
Biden’s refusal to negotiate with
Biden Is Looking at an Uncertain Electoral Future
The “return to normalcy” in American life is starting to look something like the horizon: It recedes whenever you approach it. For President Joe Biden and congressional Democrats anxious about the November midterm elections, nothing could be more ominous.
Last summer’s Delta wave dashed hopes that the deployment of COVID vaccines would quickly carry the United States back to a pre-pandemic stasis. The persistence of inflation undermined expectations from the Biden administration and Federal Reserve Board that high prices would