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The bar was set low for Kevin McCarthy, a newcomer to the speakership, while Joe Biden is an unpopular president who first refused to talk on lifting the debt ceiling. Also, the fact that they are on opposing sides in Washington's political fight makes their feat all the more remarkable
The US House overwhelmingly passed the package which slightly cuts government spending and suspends the debt ceiling till 2025. While both sides are unhappy, the Republicans are far more upset than the Democrats -- with some Freedom Party members already bringing up removing Speaker Kevin McCarthy
It is risky for the world's most important country to elect a president in his 80s. The danger was clear last weekend when President Joe Biden spoke at a press conference at the G7 meeting in Hiroshima, Japan.
Recent remarks by President Joe Biden and his treasury secretary, Janet Yellen, appear to show a bit of dissonance about whether Biden could or should use the 14th Amendment to circumvent the debt ceiling.
Section Four is what essentially makes the Fourteenth Amendment the focus of debates in the context of the US public debt ceiling, stating that "the validity of the public debt of the United States ... shall not be questioned."