President Biden has formally declared he would veto House Republicans' debt ceiling bill as he remains insistent that he will not negotiate budget cuts in exchange for lifting the nation's $31.4 trillion borrowing limit. Biden called the Limit Save Grow Act a 'reckless attempt to extract extreme concessions as a condition for the United States simply paying the bills it has already incurred.' 'The President has been clear that he will not accept such attempts at hostage-taking,' the said in a statement that went on to tear into the bill's provisions.
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