A Possible Vehicle for Lifting Debt Ceiling

Playbook: “There are just 8 days left this month when the House and Senate are both in session. Treasury Secretary Steven Mnuchin and Speaker Nancy Pelosi have both said that the debt limit needs to be lifted this month before everyone gets out of town.”

“Now, both sides want to strike a budget deal that would lift spending caps for the next fiscal year. They would then attach a debt limit hike to that. But… If they can’t get a spending deal, there’s another bill both chambers want to pass before August: the 9/11 first-responders bill. Attach a debt limit increase to that and it would be quite tough to vote against it.”

Source: Politicalwire.com

Powered by NewsAPI.org

Keywords:

United States debt ceiling • United States House of Representatives • United States Senate • United States Department of the Treasury • Steven Mnuchin • Nancy Pelosi • United States debt ceiling • United States federal budget • Fiscal year • United States debt ceiling • United States debt ceiling •