Home Markets Debt ceiling showdown forces Biden, Schumer to call for urgent action

Debt ceiling showdown forces Biden, Schumer to call for urgent action

3

Democrats stress they voted several times to raise the debt ceiling during the Trump administration, even when he pursued policies they did not support. During that time, the White House and Congress approved policies that added nearly $8 trillion to the federal debt, including a dramatic increase in military spending, coronavirus relief funds, and a big tax cut package. To emphasize the point, White House press secretary Jen Psaki on Monday displayed a large slide during her daily briefing showing the debt increase during the Trump presidency far outpacing the increase during Biden’s tenure.

Click here for full article…www.washingtonpost.com