WASHINGTON — President Joe Biden on Friday rejected a push from congressional Democrats to get rid of the statutory debt ceiling, calling the idea of doing so “irresponsible.”
Biden’s statement comes as Democrats are bracing for a showdown expected late next year with Republicans over the federal borrowing limit deadline. Republicans see this negotiation as an opportunity to push for their policy goals if they win the majority in the House, and some Democrats want the party to take action during the lame duck session to avoid this scenario.
A group of House Democrats led by Pennsylvania Rep. Brendan F. Boyle have drafted a letter to Speaker Nancy Pelosi and Senate Majority Leader Charles E. Schumer urging passage of a “permanent solution” to the debt limit during the upcoming lame duck session.
