Home News Republicans may try to buy time on debt limit

Republicans may try to buy time on debt limit


“House Republicans are mulling an attempt to buy time for further negotiations on federal spending and deficits by passing one or more short-term suspensions of the statutory debt ceiling this summer, including potentially lining up the deadline with the end of the fiscal year Sept. 30,” Roll Call reports.

“Any such short-term measure would likely be ‘clean’ of any strings attached or specific spending cuts, and be designed as a suspension of the borrowing cap, which had been done repeatedly over the past decade until 2021, rather than a dollar increase in the debt limit. That would presumably make it easier for Republicans to swallow voting for it after pledging to only back a debt limit increase if paired with spending cuts.”

FavoriteLoadingSave to Favorites

More information can be found here

Previous articleVirginia School Board votes to fire Superintendent after 6-year-old Sues teacher is killed
Next articlePope Francis: Homosexuality ‘Isn’t a Crime’