Then, as now, Congress was divided -- a Republican House and a Democratic Senate -- and the White House had a Democratic president.
That timeline sets the stage for a fierce political fight, with Republicans portraying Democrats as out-of-control spenders -- racking up debts upon debts upon debts -- and Democrats responding that the GOP, which holds the House, is unable to responsibly govern by paying the country's bills for the military, Social Security and much more.
"Congress is going to need to raise the debt limit without -- without -- conditions and it's just that simple," White House press secretary Karine Jean-Pierre said earlier this month. "I want our side to negotiate with the Democrats in good faith," he said,"but President Biden has to also negotiate." In the summer of 2011, after months of fractious wrangling, Obama told reporters that"crisis" had been averted -- the U.S. government's debt limit would be raised, ensuring it could continue to borrow money to pay its bills, in exchange for major spending cuts sought by Republicans.
This time -- in the wake of Obama's 2012 reelection and Democrats picking up seats in the House and Senate -- a standoff with the House GOP majority ended in the conservative lawmakers conceding on almost all of their demands, with both parties in the Senate hammering out a deal.A 2013 ABC News poll showed that 54% of Americans agreed with Obama's handling of the issue and only 40% agreed with Republicans' handling.
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