Senate leaders have clinched a deal to steer the nation away from a fiscal cliff that would hit in less than two weeks, pushing their debt ceiling stalemate into December
Senate leaders clinched a deal on Thursday to avoid an economic nightmare in less than two weeks, pushing their debt ceiling stalemate into December and creating a fiscal pileup around the holidays.
With an unparalleled default on the nation’s debt temporarily off the table, both parties are billing the debt limit patch as a win. But the short-term fix merely punts a standoff that has already dragged on for months, and could serve to make the fight even more of a mess. Some Democrats had entertained making an exception to the Senate’s filibuster rules for debt ceiling legislation, but the idea was quickly rejected on Wednesday by Sen. Joe Manchin , one of the party’s key centrists.
“The bottom line is, Republicans know they’re going to get blamed for this,” Murphy said. “They’ve come to the table with a proposal that at least gets us to December. And hopefully by December they’ll realize that doing this three months at a time isn’t in their interest.”
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