The Republicans' proposal to give the green light to raise debt is "unacceptable," says Joe Biden. The president added that he is also "watching" the use of constitutional powers to avoid default in the event of a stalemate with Republicans on the debt.
The White House accuses Republicans: "The House Speaker team has put on the table an offer that represents a big step backwards and contains a series of extreme partisan demands that could never pass in both Houses," a statement said. "It's just a Republican leadership indebted to its Maga wing — not the president or the Dem leadership — threatening to default for the first time in history," it added.