Post Politics Now Biden hails economic progress, warns of chaos if GOP policies prevail

A defiant Biden said he would not negotiate with House Republicans who are threatening an economy-rattling default on the debt if they don’t get unspecified cuts in spending. “I will not let anyone use the full faith and credit of the United States as a bargaining chip,” Biden said. “We pay our debts.” The speech, a potential preview of what Biden might say on the campaign trail in 2024, comes as the White House and House Republicans remain in a standoff over raising the debt ceiling. Republicans voted to raise the debt ceiling three times under President Donald Trump, without cuts in spending.