As the nation barrels toward default, Republicans are poised to sink a Democratic effort to suspend the federal borrowing limit.
Republicans in the Senate are filibustering a House-passed measure that would suspend the debt limit until December 2022. At least 10 Republicans would need to join all Senate Democrats to break a GOP filibuster and allow a simple majority vote to pass the bill.
"They said they're perfectly prepared to do the job themselves," Senate GOP Leader Mitch McConnell insisted to reporters Tuesday."The easiest way to do that is through the reconciliation process as I pointed out for two months." "Where it may come down to is a demand that at least for the debt ceiling that we end the filibuster ... and pass it with 51 votes," Sanders suggested.But the 50-member Democratic caucus would have to remain unified to do this, and both moderates Sen. Joe Manchin of West Virginia and Arizona Sen. Kyrsten Sinema have balked at any changes to the filibuster rules.
The nation technically hit the debt ceiling Aug. 1, with the Treasury Department using extraordinary measures to pay the nation’s bills. But Treasury Secretary Janet Yellen said that by Oct. 18, her department’s efforts would be fully exhausted and default would be all but certain.McConnell and his conference are insisting that Democrats use a fast-track budget tool called reconciliation that allows the majority to break a filibuster to pass certain legislation.
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