Overview

• Biden and his aides must quickly decide how to negotiate with congressional leaders on raising the debt limit.
• Biden will need to find agreement on spending cuts with Republicans who disagree on raising taxes.
• Biden may need to get involved in House Republican leadership politics as a debt deal could prompt unrest.
• Biden still sees political upside in debt limit talks and shaping the debate.
• Many House Republicans appear unwilling to compromise, possibly requiring Democratic votes to pass a debt limit increase.