McConnell Proposes Deal With Democrats on Suspending Debt Limit

Contact Your Elected Officials
The Epoch Times Logo

Senate Minority Leader Mitch McConnell (R-Ky.) on Wednesday proposed a deal with Democrats that would help them suspend the debt ceiling before the United States defaults.

McConnell in a statement said Republicans would help Democrats expedite the process known as reconciliation to address the debt limit. He also said the GOP would let Democrats pass an emergency debt limit extension at a fixed dollar amount, which would cover current spending levels into December.

โ€œThis will moot Democratsโ€™ excuses about the time crunch they created and give the unified Democratic government more than enough time to pass standalone debt limit legislation through reconciliation,โ€ he said. โ€œAlternatively, if Democrats abandon their efforts to ram through another historically reckless taxing and spending spree that will hurt families and help China, a more traditional bipartisan governing conversation could be possible.โ€

The proposal seeks to quench Democrat complaints that Republicans may seek to delay a reconciliation vote, making it a risky maneuver because the U.S. faces a crisis if the ceiling isnโ€™t suspended or raised by Oct. 18, while reinforcing McConnellโ€™s position that most Republicans wonโ€™t vote with Democrats to address the limit.

Democrats were facing the prospect of being unable to muster 60 votes to bypass a filibuster on a House of Representatives bill that would suspend the ceiling until December 2022. A procedural vote on the measure was expected to happen on Wednesday afternoon.

Party leaders have repeatedly exhorted Republicans not to filibuster the bill but McConnell and other top GOP senators say Democrats should turn to reconciliation, which the party has already used once this year and plans to use at least once more to ram through a mammoth, multitrillion spending package.

โ€œDemocrats are willing to step up and stop this economic catastrophe if our Republican friends just get out of the way,โ€ President Joe Biden said during a meeting with business leaders at the White House.

Byย Zachary Stieber

Read Original Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Why the Trump Administration is Sitting on the Epstein Files

President Trump, AG Bondi, and FBI Dir. Patel have the advantage over us in that they see the big overall picture when it comes to the Epstein List.

Trumpโ€™s โ€œMajor Statementโ€ On Russia Is A Clumsy Attempt To Thread The Needle

The โ€œmajor statementโ€ on Russia Trump hyped up turned out to be an attempt to thread the needle between escalating US involvement in Ukrainian and walking away from it.

AI Takes Customer Service from Doublespeak to Triplespeak

Corporations are replacing customer service agents with AI agents. Here's a real-life example of attempting to use AI to have my internet restored.

The Left’s Descent into Extremismย ย 

The political left, from mainstream Dems to radical Antifa, have embraced extremism, alienating swaths of the public and undermining their own influence.

Roger Stone Speaks About Trump at Turning Point USA

Longtime Donald Trump friend, Roger Stone, gave a speech at the 2025 TPUSA convention offering his take on the recent Epstein List controversy.

Border Czar Says Physical Appearance โ€˜Canโ€™t Be the Sole Reasonโ€™ to Detain Someone

Border czar Homan said comments were โ€œtaken out of contextโ€ and federal immigration enforcement agents can't detain people based on physical appearances alone.

Capacity of US Coal-Fired Power Plants to Fall Over 15 Percent by 2028

Total operating capacity of coal-fired power plants in US is set to drop to 145 GW by end of 2028, a 15% decline from the 172 GW in operation as of May.

Violence Against ICE Escalates Across America

ICE officers face increased confrontation on the street, which crosses the line between free speech and physical violence.

International Buyers Purchased $56 Billion Worth of US Homes in 1 Year

Foreign buyers purchased $56 billion worth of existing homes in the US between April 2024 and March 2025, up by 33.2% from the previous 12 months.

CMS Eyes 3.8 Percent Pay Hike for Doctors, Medicare Cost Cuts, and Chronic Care Expansion

Trump admin plan will save billions on wasteful spending, boost rates for doctors, and modernizing Medicare services, said HHS Sec. RFK, Jr.

DOGE Announces Billions of Dollars in Federal Contracts Terminated

In post on X on July 12, DOGE, stated that โ€œover the last week, agencies terminated 230 wasteful contracts,โ€ resulting in savings of $407 million.

Trump to Announce $70 Billion Energy and Innovation Investment in Pittsburgh

President Trump is meeting with business leaders to discuss how best to meet the energy and computing needs of the future.

Attorney General Pam Bondi Dismisses Justice Departmentโ€™s Top Ethics Lawyer

AG Pam Bondi terminated the head of the DOJโ€™s ethics division, according to a letter posted to social media by the fired official.
spot_img

Related Articles