The White House on Monday cited examples of Democrats working with Republican Presidents Trump and Reagan to condemn House Speaker Kevin McCarthy’s Wall Street pitch for his plan to address the debt ceiling.
White House Deputy Press Secretary Andrew Bates accused Mr. McCarthy, California Republican, of “brinksmanship,” arguing that even threatening not to negotiate on raising the debt limit could have dire consequences for the economy.
Mr. Bates said Mr. McCarthy’s call for concessions from the Biden administration was not a plan, but “brinksmanship or hostage-taking.” In response, Mr. Bates pointed to two former GOP presidents, who warned that using the nation’s debt limit as a negotiating tool could upend the nation’s economic health.
The White House highlighted a 2019 quote from Mr.Trump about the need to work with Democratic leadership in the House and Senate to avoid a debt showdown. In his remarks, Mr. Trump stressed his desire to work with Senate Majority Leader Charles E. Schumer, New York Democrat, and then-House Speaker Nancy Pelosi, California Democrat, to address the debt limit.
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