representative Jamal Bowman (DN.Y.) called the President Joe Biden not negotiate republican when he likened them to “economic terrorists” during Thursday’s debt ceiling negotiations.
Bowman’s comments are varied democrats expressed frustration with the party’s handling of the debt ceiling as House Republicans and White House negotiators Continuing talks to avoid this an unprecedented national bankruptcy.
Bowman told CNNManu Raju said he was “very frustrated” by the debt ceiling negotiations before criticizing the president’s approach to Republicans’ demands.
“I have asked the President to invoke the 14th Amendment and mint a coin and don’t negotiate with kidnappers,” Bowman said, referring – in part – to a plan to avoid a default by minting a $1 trillion coin for the Treasury Department to pay off debts.
“I mean, we don’t deal with terrorists around the world – why would we deal here with the economic terrorists that are the Republican Party?”
There According to reports, there were signs that the two sides made progress on the debt ceiling before June 1st, the earliest date by which the government will not be able to pay its bills without raising the debt ceiling, said Treasury Secretary Janet Yellen.
Republicans have called for spending cuts and changes to Social Security and Medicare programs ahead of an agreement with the White House.
The White House has offered to do a “rollback”. $10 billion of the Internal Revenue Service’s $80 billion boost in funding is to be “essentially deferred.” [the money] to forgo discretionary defense spending…to avoid further cuts in programs like education and environmental protection,” according to the New York Times.
Bowman has in recent weeks compared Republicans to “corporate terrorists” over their demands and last week urged the President to take executive action to prevent a default.
“Republican increased the debt Under Trump, we lowered the cap, but now they threaten to blow up the economy unless we agree to their cruel plan to punish vulnerable families.” Bowman wrote in a tweet last week.
“This is economic terrorism and we must not back down.”