Biden was smart to cave on this. At least to “negotiate”
I predict he wont negotiate at all, and will completely stone wall and high ball the congressional republicans, but he has to at least go for appearances sake.
The republicans hold the higher ground here. The optics for Biden of going into default without at least negotiating (or appearing to negotiate) would have been very bad for him.
Then the GOP needs to get on the same page and say we passed a bill that increases the debt ceiling. We are waiting for Democrats in the Senate to do the same and Joe Biden to sign it.