In response to recent reports that members of President Biden’s Administration are considering accepting additional demands made by Speaker McCarthy in debt ceiling negotiations, Lindsay Owens, executive director of Groundwork Collaborative, released the following statement:
“It’s time for President Biden to step away from this slow-moving train wreck and use the authority he has under the 14th amendment to avert default.
“McCarthy’s demands will only grow as the default deadline approaches. Swallowing additional spending cuts is tactically foolish and will only exacerbate the extraordinary harms McCarthy’s policies will inflict on families and our economy.”