Admin throwing in the towel looking ahead a few weeks and seeing need for a CR… I don’t see GOP getting involved until the munnie runs out (if even then)… Treasury has 470b left in TGA and EMs combined …. deficit last month $315B so no immediate need to do anything on the debt ceiling either...
GOP would probably have Democrats living hand to mouth with a series of short CRs only allowing debt ceiling increase to fund the deficit for the short duration of the CRs… with TGA at zero and EMs tapped out… August just ended deficit running about $75B per week…
White House proposes stopgap bill with disaster aid as Congress hashes out trillions in spending https://t.co/RcpEpamgdr
— CNBC Now (@CNBCnow) September 7, 2021
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Nancy said yesterday that she doesn't want the debt ceiling in reconciliation. I think she made a deal to keep Republicans focused in ceiling so they have an out and can blame Dems without holding up the actual Budget which is crucially important to delivering money to Dem election coffers ahead of midterms. Campaigns need to ramp up after Xmas and they are going to need to spend billions in dark money to try and hold onto the House and Senate with a very unpopular President motivating GOP turnout.
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