Biden views the debt ceiling as a staring contest with Republicans, not his duty as president
Fox News
The United States could default on its debt as early as June 1. As the clock ticks down to next month Speaker McCarthy is ready to negotiate. The ball is in President Biden's court.
Republican Mike Lee represents Utah in the United States Senate. He is a member of the Judiciary Committee and serves as chairman of the Antitrust, Competition Policy and Consumer Rights Subcommittee.
First, it’s important to note what the debt ceiling is and what it isn’t. It’s the statutory limit on the amount of debt the federal government can incur. It has been in place since 1917, and Congress has modified it over 100 times since World War II. The current limit is $31 trillion, a staggering amount nearly impossible to comprehend.
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