Senate GOP leader Mitch McConnell has engineered ways out of a devastating debt default in the past. This time may be different.
This time may be different – at least for now. Facing the riskiest debt ceiling standoff in a dozen years, Senate Republican leaders are planning to take a backseat role and let the newly empowered House GOP majority try to find a way out of the impasse with the White House, a high-stakes gambit but one that underscores the new power order in a divided Washington.
Instead, McCarthy has demanded that President Joe Biden sit down and negotiate a deal to raise the debt limit – a position the White House continues to reject. If McCarthy backs off that demand and moves a debt ceiling hike without concessions sought by his members, any one lawmaker can seek a vote for his ouster from the speakership under the deal he cut to win the job.
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