In shift, McConnell begins talks with Schumer to stave off debt crisis

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The two top leaders in the Senate have opened discussions to find a way out of a looming debt crisis, a sharp departure from the standoff a month ago that took the United States to the brink of a first-ever default.

With Republicans buoyed by their chances to take back Congress in next year's midterms, they are eager to avoid another round of brinkmanship -- or potential economic catastrophe -- and are more eager to fight with their adversaries over President Joe Biden's sweeping tax-and-spending agenda and inflation woes hitting the country. "We don't want to interrupt our worthy adversaries while they're committing hara-kiri," said Sen.

"I have suggested the Republicans would yield back time, not drag things out, and I'm confident we would do that," Toomey said. In the last standoff, Republicans demanded that Democrats use the budget reconciliation process, a request that Schumer and his party promptly rebuffed. That's because they contended they didn't have enough time to go through reconciliation and argued they didn't want to set a precedent by going that route for future borrowing limit increases.

 

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If in the middle of a debt crisis, then why are we trying to spend more money? I don’t understand the logic.

How does it feel have exactly zero credibility left? How's that employee shake up going? Lmao

No party is stupid enough to go into a election year responsible for shutting down government down and collapsing the economy by defaulting on debt obligations.

Mitch- pure evil, have nothing else to say about him.

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Student-loan borrowers with jobs aren't ready to pay off their debtStudent-loan payments resume in 75 days, and 89% of borrowers with full-time jobs aren't ready: 'It's a recipe for financial disaster' It'll be great for inflation, though. 学生贷款将在75天后恢复支付,89%有全职工作的借款人还没有准备好:“这会导致金融灾难” Not all student loan debt is what people borrowed and interest, there a lot of arbitrary fines the department of education adds, like for default there a 10,000 fine. so a lot quit their low paying job if wage garnishment occurs to never pay a penny on such unconstitutional fines
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