Debt deal reinforces Biden as consensus builder
| Washington
There鈥檚 a reason Joe Biden won the Democratic nomination for president back in 2020: As a Washington denizen known for his decades of governing experience, he could bring the capital back to something resembling normal after a norm-busting Trump presidency, his champions asserted.
Today, that argument seems to be playing out. After weeks of high-wire negotiations and brinkmanship, strong bipartisan majorities in both houses of Congress have approved a deal that suspends the statutory limit on federal debt payments 鈥� the 鈥渄ebt ceiling鈥� 鈥� until 2025 and also curbs some federal spending.
An unprecedented and catastrophic default on the national debt has been averted.
Why We Wrote This
For President Joe Biden, aiming for the political center defined his career. Achieving a debt deal in an era of hyperpolarization and divided government shows that the old ways can still work.
For President Biden, aiming for the political center and seeking consensus have defined his political career since his first election to the Senate from Delaware in 1972. Now, in an era of hyperpolarization and newly divided government, he鈥檚 shown that the old ways can still work.
鈥淭here鈥檚 a rhythm to governing, and I think this is the start of that rhythm,鈥� says former seven-term GOP Rep. Tom Davis of Virginia.
The former congressman sees both Mr. Biden and House Speaker Kevin McCarthy as winners, setting a precedent that could pay dividends in the future: 鈥淭he trust factor gets better after this. They鈥檙e both learning how to deal with each other. This was a major test.鈥�
Mr. Davis points to 1997 as the model. Then, Republican House Speaker Newt Gingrich and Democratic President Bill Clinton beat the odds and compromised to balance the federal budget 鈥� setting up a brief period of budget surpluses that disappeared after 2001.
鈥淥n some days you鈥檙e going to throw insults back and forth, you鈥檙e going to attack,鈥� he says. 鈥淎nd on the next day you鈥檙e going to be able to cut a deal.鈥�
Today, Speaker McCarthy鈥檚 developing relationship with President Biden is a source of fascination 鈥� 鈥渢wo Irish guys who don鈥檛 drink,鈥� . Both, too, have a high tolerance for political pain. In January, it took Speaker McCarthy a record 15 votes in the House to reach the chamber鈥檚 top job. Mr. Biden finally won the presidency in 2020 after multiple tries.
Both, too, have long been underestimated, which may have worked to their advantage in the debt ceiling negotiations. For the octogenarian Mr. Biden, the constant suggestions in conservative media that he鈥檚 not mentally competent may have led to false confidence among Republicans that he could be played. Mr. McCarthy is sometimes accused of not being all that bright.
But it鈥檚 Mr. Biden who, arguably, had more to lose if the nation had actually gone into default. Presidents live and die by the economy, and the buck would have stopped with him in the event of a global economic meltdown triggered by the United States.
In the end, Mr. Biden didn鈥檛 have to give up much to get a bipartisan deal, compared with original GOP demands that entailed $4.5 trillion in spending cuts over 10 years. The deal that passed Congress claws back unspent COVID-19 relief money, trims increased spending for the Internal Revenue Service, adds a work requirement to some receiving food aid, ends聽the pause on student loan repayments, and green-lights completion of a controversial pipeline.
The deal 鈥渟howed Joe Biden being a serious person and serious president, with little drama, which is exactly why the country elected him,鈥� says Elaine Kamarck, a former senior official in the Clinton White House. 鈥淢eanwhile, there鈥檚 Trump with one drama after another.鈥�
Kudos for dealings with Speaker McCarthy
Mr. Biden had more good news to tout Friday, with the latest employment report showing robust growth 鈥� 339,000 new jobs in May 鈥� and dampening fears of a recession. His tumble on stage Thursday at the Air Force Academy in Colorado, where he tripped on a sandbag, created exactly the optics he doesn鈥檛 want: an elderly president looking unsteady right as his reelection bid ramps up.
But on matters of substance, Mr. Biden wins kudos for his dealings with Mr. McCarthy 鈥� even if the president got off to a bit of a shaky start.
鈥淚 was a little surprised at the outset that he wasn鈥檛 willing to negotiate earlier on,鈥� says G. William Hoagland, senior vice president at the Bipartisan Policy Center and a former senior GOP Senate aide in the 1980s and 1990s. 鈥淚 felt he was being pushed a little bit by some of his more liberal [Democratic] members to stand fast and push the Republicans to the point where they would somehow cave.鈥�
He suspects part of Mr. Biden鈥檚 initial posture 鈥� 鈥渘o negotiating鈥� 鈥� came out of a belief that Mr. McCarthy wouldn鈥檛 be able to pass his own budget. Once that happened, a sign of the new speaker鈥檚 own unexpected strength, Mr. Biden knew it was time to deal, and his instincts as a former senator of 36 years kicked in.
鈥淗e realized he had to negotiate and work, particularly, with the House Republicans,鈥� Mr. Hoagland adds. 鈥淏y the end, it was the old Biden as I remember him.鈥� And of course, nothing helps deal-making in Washington like a deadline.聽
William Galston, a domestic policy adviser in the Clinton White House, applauds the president for showing restraint during the negotiations, and in particular, for refusing to declare victory 鈥� loudly and publicly 鈥� after he had reached a deal with Mr. McCarthy, so as not to complicate the task of getting the legislation through Congress.
鈥淎ll of that is the fruit of his experience鈥� as a senator, Mr. Galston says. But his strength as a backroom negotiator is belied at times by an unwillingness to provide a public explanation, he adds. Thus, the importance of a speech Mr. Biden delivered from the Oval Office on Friday evening.
The president praised Speaker McCarthy and what he called a respectful collaboration, emphasized the importance of unity and bipartisan compromise to the nation, and said the deal protected America鈥檚 fiscal and economic strength. 鈥淣o one got everything they wanted but the American people got what they needed,鈥� President Biden said.
鈥淗e genuinely believes 鈥� and he鈥檚 one of the last people in Washington to believe 鈥� in the serious possibility of serious bipartisanship,鈥� Mr. Galston says. And that, he adds, is important to convey to the public.
Editor鈥檚 note: A new penultimate paragraph was added to this article after President Biden鈥檚 address Friday evening.
