More chaos…
Democrats are leaning toward lifting the Treasury Department’s borrowing cap outside of the partisan budget reconciliation process, according to sources familiar with the discussions, meaning they’d need at least 10 Senate Republicans on board.
No final decisions have been made, but moving a debt limit boost separately from reconciliation could give Democratic centrists cover since that route would require GOP support. The prospect of carrying a debt ceiling increase on their own could give moderates pause, given that their Republican opponents could use that vote against them in next year’s midterms.
The media is gushing over the Biden-O-Rama $4.2 Trillion Budget Buster II, but the debt ceiling may just kill it.https://t.co/xCrQTuZkAd
— IrvingFisher (@IrvingFisher16) July 16, 2021
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