President Biden is threatening to veto House Republicans’ “extreme” bill to address the debt limit, warning GOP lawmakers their measure could cause a recession and urging them to “take default off the table.”
“The Congress has a solemn obligation to prevent default and ensure that the United States meets its obligations,” the statement of administration policy said. “The Administration strongly opposes the Limit, Save, Grow Act of 2023, which is a reckless attempt to extract extreme concessions as a condition for the United States simply paying the bills it has already incurred.”
HOUSE LEADERS ‘CONFIDENT’ DEBT CEILING BILL WILL PASS DESPITE SOME GOP HESITANCE
“The President has been clear that he will not accept such attempts at hostage-taking,” the statement reads. “House Republicans must take default off the table and address the debt limit without demands and conditions, just as the Congress did three times during the prior administration.”
US Speaker of the House Kevin…
