This Time Around, Obama Really Won’t Negotiate Over the Debt Ceiling
Treasury Secretary Jack Lew said again this morning that President Obama’s resolve on the debt ceiling is firm:
“What we need in our economy is some certainty. We don’t need another self-inflicted wound,” Lew said in a “Squawk Box” interview. “Congress should come back and they should act.”
….The president is “not going to be negotiating over the debt limit,” Lew told CNBC. “Congress has already authorized funding, committed us to make expenditures. We’re now in a place where the only question is, will we pay the bills that the United States has incurred?” Answering his own question, Lew stressed there can be no question about that.
As part their budget-reduction strategy, Republicans have been trying to repeal and defund the president’s health-care law. But Lew said the White House won’t accept any delay or defunding of Obamacare.