(Originally published by The New York Times on May 14, 2023)

President Biden is playing a dangerous game. When the federal government’s deficit spending is about to exceed the amount Congress has authorized it to borrow and the Treasury has run out of what are known as extraordinary measures to stave off disaster, Congress and the president must negotiate a compromise resolution, or the nation faces the prospect of default.

The House of Representatives has already passed a bill that would raise the nation’s debt limit by $1.5 trillion, coupled with proposed spending cuts, and its Republican leaders have signaled a willingness to negotiate. Mr. Biden instead has demanded that Congress raise the debt ceiling without conditions.

(Continue reading the opinion essay on The New York Times’ page here.)