Senate leaders strike deal on short-term debt limit patch

Senate leaders clinched a deal on Thursday to avoid an economic nightmare in less than two weeks, pushing their debt ceiling stalemate into December and creating a fiscal pileup around the holidays.

With an unparalleled default on the nation’s debt temporarily off the table, both parties are billing the debt limit patch as a win. But the short-term fix merely punts a standoff that has already dragged on for months, and could serve to make the fight even more of a mess. Some Democrats had entertained making an exception to the Senate’s filibuster rules for debt ceiling legislation, but the idea was quickly rejected on Wednesday by Sen. Joe Manchin , one of the party’s key centrists.

“The bottom line is, Republicans know they’re going to get blamed for this,” Murphy said. “They’ve come to the table with a proposal that at least gets us to December. And hopefully by December they’ll realize that doing this three months at a time isn’t in their interest.”

The same swamp that voted for US$ 19 000 000/day for israel

It’s all about political control and power. If it leads to county’s ruin, so be it. The Tea Party thinks ruin is their way to control.

Deal….🙄 LeaderMcConnell blinked but SenSchumer blinked harder. Gotta love kicking the can down the road. Again. Both parties are complete trash

Can you imagine the pre-Christmas drama that awaits! 😱

Republicans need to resign for being hypocritical obstructionists. When they were in power, Dems worked with them.

It was nice of mitch to alow the democrats to help Americans...wtf,

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 »

Senate moves toward short-term debt-ceiling agreementThe Senate was close Wednesday evening to a short-term deal to raise the debt limit, postponing for a few months a showdown over how to craft a longer-term extension of the nation’s borrowing cap.
Source: YahooNews - 🏆 380. / 59 Read more »

U.S. Senate Democrats, Republicans haggle over short-term debt fixU.S. Senate Democrats and Republicans sought to reach an agreement on Thursday to avert a debt crisis, after Democrats showed openness to a Republican offer to allow an extension of the federal debt ceiling into December.
Source: Reuters - 🏆 2. / 97 Read more »