“They said: This is the sad lesson we’ve learned,” the Obama official said, describing the mood in the room.
His stance has drawn a rebuke from House Speaker Kevin McCarthy, who said he’s “disappointed” but has remained steadfast in his call for spending cuts.
“It is possible we will eventually see House Republicans put forth a plan for dealing with both the debt limit and the spending problem.
After 2011, the Obama White House drew a hard line when the debt limit deadline came up again in early 2013.
House Republicans relented, attaching a debt limit extension to a symbolic measure calling for passing a budget.
“Everyone seems to have forgotten that there was a debt limit standoff in 2013 where Obama adopted the no-negotiation approach and prevailed with a clean debt limit,” he said.
It’s not clear McCarthy knows what’s really at stake or has the savvy to avoid default,” Pfeiffer said in an email. »
