Biden Admin Threatens To Veto GOP Debt Ceiling Bill

  • The Office of Management and Budget said in a statement of administration policy that it “strongly opposes” the bill, adding: “[I]f the President were presented with the Limit, Save, Grow Act of 2023, he would veto it.”
  • The statement took aim at the legislation’s cuts to discretionary spending, repeal of Inflation Reduction Act tax credits and imposition of welfare work requirements in exchange for raising the debt ceiling.
  • “The President has been clear that he will not accept such attempts at hostage-taking,” it says, “House Republicans must take default off the table and address the debt limit without demands and conditions[.]”
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