5/19/2023 0 Comments The line of polity![]() ![]() ![]() The president, as he moves toward making his reelection campaign official as early as this week, says the GOP must not hold the nation hostage to what he says is an extreme agenda. Republicans are seeking to use the situation as leverage to gut Biden’s domestic program. The clash is over the need to raise the government’s borrowing authority within months, without which the United States will default on its debts in a way that could send the domestic and global economies spiraling and could inflict deep pain and job losses on Americans. And the ability of each side to unify their parties and shape public opinion to avoid – or dispense – blame will be crucial. The standoff is deepening between the Republican speaker and the Democratic president, which could be fateful for the country and both their political careers. House Speaker Kevin McCarthy will put his shaky control of the thin Republican majority on the line this week with a bid to pass a bill slashing spending that is designed to jam President Joe Biden over the looming government debt crisis. ![]()
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