McConnell offers extension on U.S. debt ceiling into December

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Senate Minority Leader Mitch McConnell on Wednesday said his party would support an extension of the federal debt ceiling into December, a move that would head off a historic default with a heavy economic toll.

GOP debt limit stonewalling 'disgraceful' -Biden

REPORTER: "Can you guarantee that the U.S. will not breach the debt ceiling, that that will not happen?"BIDEN: "No, I can't."President Joe Biden on Monday said he couldn't guarantee that the U.S. won't breach its debt limit unless Republicans join Democrats in voting to raise it...BIDEN: "That's up to Mitch McConnell."...

 

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Only because there was serious talk to make changes to the filibuster.

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Senate GOP leader McConnell may offer short-term debt ceiling extension following pressure from BidenPresident Joe Biden and Democratic leaders in Congress amped up pressure on Republicans to act on the debt limit. This guy was in the sequel to Silence of Lambs “Hannibal” and they ate his face! The pressure is that we CANNOT default, & everyone would suffer regardless of party if we do not raise it, lose-lose
Source: CNBC - 🏆 12. / 72 Read more »

After blocking debt ceiling push, McConnell blames DemocratsFormer Democratic senator Al Franken discusses the current fight on Capitol Hill over the debt limit and the the state of the Democratic party still divided over Pres. Biden's agenda. MoscowMitch was fine giving away trillions of dollars to the ultra rich, but now that it's time to pay the bill, he won't. Do the rest of us get a free pass on not paying our mortgage, student loans, utilities, credit card debt...?😒 Democrats should not raise the debt ceiling unless republicans help. Everyone will suffer, but the rich's stocks will crash and they do not want to lose a dime. I will suffer, but they will lose more, they don't want to pay taxes and scam everyone. So they will be the big losers.
Source: MSNBC - 🏆 469. / 51 Read more »

Effort to raise debt limit resets after Senate GOP blocks weeks from defaultHouse Democrats are continuing efforts to raise the debt ceiling in order to avoid the U.S. from defaulting on the national debt. Trump & Trumplicans' aim is to sow the seed of doubt in people's minds so that they slowly begin to distrust almost everything & thru the distrust slowly create a state of chaos & confusion to divert the people's attention away from their intention to tear America apart. When Trump & his supporters only listen to the lies they tell themselves & one another & the lies are the ties that bind them then 'hitting bottom' & only then will they open their eyes to the lies they have told themselves & to others. Lies are their cunning baffling addiction. Strip away Trump's Talibanization of America!
Source: Newsweek - 🏆 468. / 52 Read more »

Democrats Must Raise the Debt Limit to a Quadrillion DollarsInstead of trying to win a staring contest with Mitch McConnell, Democrats should use reconciliation to (effectively) abolish the debt ceiling.
Source: NYMag - 🏆 111. / 63 Read more »

Parties play with political fire around debt ceiling: The NoteRepublicans see this moment as an opportunity to do what they can to stifle the Democrats’ agenda, rickklein writes. That may leave Democrats with only one real option: rickklein Modify the Filibuster. Raise the debt limit. The sanctity of the Filibuster is nothing compared to the financial stability of our economy
Source: ABC - 🏆 471. / 51 Read more »

Congress faces 3 major economic deadlines before the year ends: Debt limit, infrastructure and government fundingLawmakers aim to raise the debt ceiling and pass both pieces of Biden's economic agenda this month, then avoid a shutdown by December.
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