Rep. George Santos (R-NY) says he's 'solidly' against the House GOP's debt ceiling plan. But is his opposition on the policies or on his own political situation?
But it would still be doomed in the Senate, where Democrats hold control and moderate Republicans have swing-state voters to consider. Senate Republicans seem to acknowledge the pickle they’re in, but even with a debt limit cliff approaching, some think there’s time to spare.
As Cramer indicated, McCarthy’s proposal is meant to give Republicans cover. They can negotiate with Democrats on apackage, but always fall back on the idea that House Republicans already passed a debt limit increase—if Senate Democrats don’t want to default, they can always take up the House’s painful plan.
At the very least, Republicans are hoping that passing their own bill will strengthen their position. They could always fall back on their House-passed bill, and argue that voters should blame Democrats if there’s no debt limit increase—an economically painful possibility in its own right.
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