Analysis: Political leaders averted disaster but must find a better way to handle fiscal problems.
measure, both of which were approved during the last Congress, as evidence that his vision for bipartisanship can be realized.
Biden also has demonstrated anew an understanding of the rhythms of legislative dealmaking, no surprise given the 36 years he spent in the Senate. There were times not many weeks ago when the two sides seemed to have irreconcilable differences, with Republicans and Democrats firmly dug in. But his public optimism about an eventual resolution once the negotiations began was an example of what long experience brought to the table., cutting deals with hard-liners like Rep.
Biden wanted a clean debt limit bill and said that was nonnegotiable. Passage of the House bill in late Aprilhis hand. Maybe Biden knew that was inevitable, given that Democrats no longer had the majority in the House. Once the deal was struck with the White House and the votes were needed to approve it, McCarthy held firm against the most conservative faction in his conference who opposed it and rallied the rest of the Republicans to produce overwhelming support for the final package.
So two cheers for bipartisanship. But no one should get carried away. Republicans manufactured a crisis by using the danger of default and thethat could have been done to the economy to demand what they could not have gotten otherwise. They insisted on concessions from the Democrats simply to do what previous Congresses have done repeatedly, which is authorize payment for past spending by giving the government more power to borrow money. The debt ceiling hasspent or authorized to spend.
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