Elections
Biden Uses Debt-Ceiling Deal as Launch Pad for 2024 Reelection
- Biden ceded much of his dream budget in debt-limit compromise
- Democrats, especially progressives, are unhappy with the bill
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President Joe Biden is seizing on the debt limit deal he negotiated as an opening argument for reelection, though he faces a tough sell with voters who are skeptical of his performance in office.
The agreement mitigated proposed Republican cuts to anti-poverty benefits, reduced government spending far less than the GOP demanded, maintained Biden’s first-term legislative victories — the Inflation Reduction Act, the bipartisan infrastructure plan and the Chips Act — and pushed the next debt ceiling episode until 2025, after the presidential election.