Former Council of Economic Advisers Chair Kevin Hassett tells"Kudlow" that every day the Senate spends on the debt limit is a win for Republicans.
And it comes a little more than a week after Treasury Secretary Janet Yellen warned that the federal government could run out of money to pay its debts"The most realistic thing that can some out of Tuesday’s meeting is agreement to increase the debt along with spending caps for at least two years. This has been part of almost every debt limit bill passed in the last 10 years," Paul Winfree, director of the Thomas A.
But on the other side of the aisle, 43 GOP senators – including McConnell – signed onto a letter over the weekend to ensure that Schumer will not have the 60 votes necessary to move a clean debt ceiling hike through the upper chamber."Mike Lee’s letter is extremely important because it proves that there is not a path in the Senate that doesn’t involve the House majority’s position on spending and budget reforms," Winfree said.
Senate Minority Leader Mitch McConnell, R-Ky., said he would take a secondary role in debt limit negotiations and would defer to McCarthy and Biden to make a deal
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