Debt ceiling fight threatens to deepen divide between GOP and corporate America

are falling on deaf ears among key congressional Republicans who find themselves increasingly at odds with the party's longtime allies.the alarm bells sounded by business groups, corporate CEOs and Wall Street investors over the economic consequences of missing an early June deadline for action on Capitol Hill. Instead, many GOP lawmakers vow to seek spending cuts in exchange for passing legislation that would let the U.S. government keep paying its bills.

“The importance and sway that many big business groups had at one point is no longer important to the folks on the far right that we saw in the speakership fight,” said a political consultant who asked not to be named because of their work with corporate clients involved in the debt ceiling debate.

Tensions increased during the 2022 election cycle after a number of major corporations and trade groups decided to withhold donations to the Republicans who voted against certifying the 2020 presidential election results, shifting money instead to moderate Democrats, said a Republican lobbyist who does work for a variety of corporate clients.

Their not deaf, just nuts

Creditors make money off borrowed money, that would be the banking institutions. Raising the debt ceiling make them richer and shorten how much Government can do with our tax dollars since more of it must go towards paying interest instead of people in government or for programs

GOP Doesn't Know How To Govern

This is what happens when Dem President & Congress spend $trillions for votes.

Big business lost the increasingly populist GOP not because of systemic corruption - that's a given no matter the party. Deeper and more subtle are the culture and disinformation wars. There may very well be grave consequences, but what to believe and for whom?

Republicans are calling your bluff. You can’t spend & hurl us into the largest national debt in history, then say, Oh, you have to write the check to pay this monstrosity and we’re not going to make spending cuts.

32 trillion dollars of national debt, globalist and corporations are stealing taxpayer money blind! Joe Biden has spent more money in the last 2 years than any other country in world history. When does the spending end?

Republicans dont get it. They think 'raising the debt ceiling' means time to 'raise the roof'!!! Ha!

Total b******* and lies. The only reason to increase the debt ceiling is for new spending. These scumbags are stealing wealth from future generations with their spending. Shut the government down for a year for all I care. Whatever it takes to end this

Republicans would love to have the excuse to destroy us.

Maybe if the corporations shouldn’t be such welfare queens and pull themselves up by their bootstraps

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