Democrats think GOP will blink in newest debt brawl
By Alexander Bolton - 11/17/21 06:00 AM EST
Congress is headed into another nasty fight to raise the debt limit that has no resolution in sight.
Treasury Secretary Janet Yellen told congressional leaders Tuesday that the federal government could default on its debt soon after Dec. 15 without action to raise the federal borrowing limit.
Senate Democrats are ruling out the possibility of using the special budget reconciliation process to raise the debt ceiling with only Democratic votes. But that means they’ll need some help from Senate Republicans, setting up another standoff over government spending next month.
“We must pass the debt limit. We cannot let the full faith and credit of this country lapse, and we hope to do it in a bipartisan way,” Senate Majority Leader Charles Schumer (D-N.Y.) told reporters Tuesday.
Asked if he was still ruling out using budget reconciliation, Schumer repeated: “We are focusing on getting this done in a bipartisan way.”
Republicans say they only voted with Democrats on an emergency basis in October to advance a two-month debt-limit increase.
The GOP senators who backed the measure came under stark criticism from former President Trump, and Senate Minority Leader Mitch McConnell (R-Ky.) said he would not provide the help again on a procedural vote.
With the new Dec. 15 deadline fast approaching, Schumer hasn’t made any move to set up a separate budget reconciliation process to address the debt limit.
Some Democrats say they think the GOP, which in October backed away from a vow of not providing help, will blink again.
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https://thehill.com/homenews/senate/581879-democrats-think-gop-will-blink-in-newest-debt-brawl