All Republican lawmakers have to do is, well, nothing.
The route would go something like this: Democrats would introduce a bill to raise the debt ceiling. No Senate Republicans would filebuster the bill, allowing a simple majority vote on the legislation. All 50 Senate Democrats would then vote yes, and with a tie-breaking vote from the Vice President Kamala Harrissend bill to president Joe Bidendesk for his signature.
Under this scenario, not every Republican would vote and register their opposition to an increase in the debt limit. They could force Democrats to vote ahead of next year’s midterm election. But the economy will not crash, and the government will continue to pay its bills on time.
There’s only one problem: Republicans refuse to allow Democrats to do it the easy way. They like the act of making debt limits as painful as possible in opposition to the Democrats’ social spending and climate proposal, the Build Back Better Act. Republicans are strongly opposed to the law – which covers childcare, education, affordable housing and more.
If Democrats want to pass that social spending bill on their own, Republicans argue, they should amend it to include an increase in the debt limit, even though Congress has raised the debt in a bipartisan manner in recent years. Be.
Senate Minority Leader Mitch McConnell (R-Ky.) on Tuesday objected to Senate Majority Leader Chuck Schumer’s request, saying “Democrats won’t get bipartisan help in borrowing money so they can immediately take a partisan tax and spend To spend the historical amount in the competition.” (DN.Y.) to allow Democrats to raise the debt limit without a GOP vote.
“This Democratic government has spent months bragging about the radical change they are going through. He has no stand to ask 50 Republican senators to make their process more convenient,” McConnell said.
Meanwhile, Schumer called the idea of raising the debt limit through conciliation — which would not be subject to a filibuster and could only pass with Democratic votes — a “nonstarter” because it would take too long to do so.
It’s unclear how long it will take for Democrats’ budget proposal to include the debt limit increase: Democratic lawmakers say it could take at least a few weeks because of procedural rules in the Senate and potential GOP objections that could further delay the process. can slow down too. .
“We’re just asking Republicans: Get out of the way. When you’re risking the full trust and credit of the United States of America for playing a bad political game, get out of the way,” Schumer told the floor Tuesday. But before making your request.
Raising the debt limit lets the Treasury Department borrow money to pay bills that Congress has already spent with previous legislation. The US will have to pay its bills on October 18 or else potentially trigger an economic crisis that could cripple markets and cut government services, Treasury Secretary Janet Yellen warned Tuesday.
Senate Republicans on Monday filibuster a House-passed bill that would prevent an unprecedented default on US debt holdings as well as a government shutdown that is due Sept. 30 if Congress doesn’t act. The vote on the measure fell along party lines, falling far short of the 60 “yes” needed to pursue it.
Congress is expected to vote this week on legislation that will fund the government for several months – but the issue of the more explosive issue of raising debt limits has yet to be resolved. Republicans say they are adamant on not voting to lift the debt limit, no matter what. Efforts by Democrats to shame the GOP into doing so have so far failed. Democrats also do not want to raise the debt ceiling on their own through conciliation.
Furthermore, there’s a risk that, even if they eventually cave to Republicans and address it through reconciliation, Democrats will scuttle the Build Back Better Act with an attached debt limit increase in time before the October 18 deadline. will not be able to pass. The party has struggled to unite around the bill and its provisions.
“I don’t know if we’re going to have an agreement on reconciliation until the economy kicks in and we get to pay our bills. So there’s only one way forward here and that’s the Republicans doing the right thing.” Chris Murphy (D-Conn) said on Tuesday.
a partisan fight refueling discussion Among Democrats about ways to make the debt limit deadlock obsolete in the future.
“The debt limit serves no purpose other than to give Republicans a chance to create a political crisis in 2021. It’s time to get serious about finances when Congress votes on revenue and spending. period,” reported Sen. Elizabeth Warren (D-Mass.).