Big-spending Biden and Democrats steel themselves for debt ceiling fight

Published August 7, 2021 1:23pm ET



President Joe Biden’s expensive infrastructure and social welfare packages are exacerbating the Democrats’ challenges with the federal budget deficit and debt limit negotiations as he and congressional allies brace for the 2022 midterm elections.

Biden’s $1.2 trillion bipartisan brick-and-mortar bill and its Democratic $3.5 trillion social welfare and environmental reconciliation counterpart are hindering discussions with Republicans over raising the debt ceiling after the 2019 deal expired last month and the Treasury Department started operating under “extraordinary measures.”

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