Biden: 'Real possibility' Democrats might change Senate rules for debt hike

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Democrats planned a Wednesday vote in the Senate to suspend the U.S. debt ceiling, setting up yet another confrontation with Republicans that risks an economically crippling federal credit default

That would allow Democrats, who hold a razor-thin Senate majority, to suspend the federal government's $28.4 trillion borrowing cap without Republican votes.

But Democrats now are considering dropping the filibuster just for dealing with the debt limit, several senators said. Manchin declined to comment when asked about that possibility on Tuesday prior to Biden's statement. "They have the time to do it. And the sooner they get about it, the better," McConnell said at a news conference.The U.S. Capitol building on Capitol Hill, seen during sunset in Washington, U.S., September 30, 2021. REUTERS/Elizabeth Frantz

The Democratic-controlled House of Representatives voted last week to suspend the debt ceiling until the end of 2022. Republicans have said the unpleasant task of increasing the debt limit should be the responsibility of the party in charge. If they succeed in forcing Democrats to do so on their own, the issue would likely be fodder for attack ads against Democratic candidates in the 2022 congressional elections.

Even a close call would likely be damaging. A 2011 debt ceiling dispute, which Congress resolved two days before the borrowing limit was due to have been reached, caused stocks to tumble and prompted a first-ever credit downgrade for U.S. debt.Democratic Senator Mark Warner said Congress was already risking U.S. creditworthiness. "We're in the danger zone right now," he told reporters.

 

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Democrats will never waste a crisis. They don't need the Republicans. they are just playing politics

Bafoons

This act is annoying when one party isn’t in control of everything. Now it’s just ridiculous.

Default on the corporation of the United States! An LLC! Wake up people!

Usurious central banking is not American

BS....They rake in 320 Billion a year...out of that 44 Billion goes to pay our debt....they just want to SPEND more...if it was so ' dire' SenSchumer can do it without Republicans....so spreading false propaganda and lying to Americans

Dems better get moving and pass an increase through reconciliation.

The Democrats are destroying America, that guy is one of the main players of destroying America

Gee, if only the democrats controlled the house, senate, and White House….

Blah blah blah politics. Blah blah blah politics. Blah blah blah politics. termlimits

They'll have a difficult time explaining how they are going to spend $3.5 trillion if they don't raise it. Or, this a distraction so we don't findout Joe sold Taiwan to China. Where is that rascal Hunter these days? BidenMustGo LetsGoBrandon

Government stop pay them salaries should saved a lot.

Who else gets piss*d off as soon as these politicians come on your screens (from both sides of the aisle)

Stock market should be down a good ten percent on this.

Just default already. Only 40% of the country's even paying federal taxes and will be actually working to pay for this bs 3.5tril thing, over half the country doesn't gaf bc they'll never pay a penny into it.

DNC have the ability to raise the debt ceiling alone. But they won't do it. They even delayed it to make republicans vote GOP CAN vote but they don't. Both are delaying the vote. Both are to blame. Both are corp. bailout unpatriotic traitors to the American people SenateFloor

Just get it done through reconciliation man! There is no positives here for the Democrats, and the Hell would freeze over before any Republicans help the Democrats pay the bill for the debt they incurred during the last administration!

Well, let's see how this gonna end up...

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Biden calls for Senate to vote on debt limit increase this weekPresident Joe Biden called Monday for a Senate vote this week on raising the country's debt limit, saying opposition from Republicans could create 'a self-inflicted wound that takes our economy over a cliff.” There's only an 'alarming price-tag' on Dem initiatives, not on GOP initiatives. GOP only does tax-cuts for the rich, which is as far as their imaginations take them, and they don't care what those cost! Republican politicians are protecting their billionaire owners interests. They definitely ain’t protecting us non-billionaires Asking for greater taxes and nobody is working is how to destroy a nation and currently the Democrats are doing that.
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Factbox-How could U.S. Senate Democrats raise the debt limit on their own?Minority Republicans want the Senate to use a parliamentary maneuver known as budget reconciliation, which would allow Democrats to act without Republican votes. Majority Leader Chuck Schumer has resisted that approach, preferring the measure to pass in regular order. Maybe they should take some of the money from the bloated military budget. Duh. Maybe Democrats could use their majority and vote on raising the debt ceiling via reconciliation or end the 2/3 majority rule and then kill the debt ceiling itself. Democrats are in charge and unstoppable.
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Senate Democrats considering nuking filibuster for debt limit billsSenate Republicans want Democrats to use a complicated budget rule. Democrats are increasingly interested in just changing the rules. 👏👏👏👏 Shows how disconnected to reality DC lawmakers are? They are forever chasing butterflies which don’t exist. Their juvenile behavior wud make a child blush. They never grow up , not keen too! Sorry Abe that’s how they are today! CNNPolitics They're gonna have to infuse patriotism & democracy into the minds of the Autocrats (formerly, Republicans). The Dems're no longer dealing with Americans. Said the VAX had alien powers when it was McConnell all along. THE most anti-American in the Sen. More 2 yr. oldism.
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Factbox: How could U.S. Senate Democrats raise the debt limit on their own?The U.S. Congress has about two weeks to raise the federal government's $28.4 trillion debt ceiling or cause a historic default that would take a heavy toll on the economy. You mean the same Democrats who blocked for 4 years, then reversed every legislation the previous government did as soon as getting into Office? Set a good precedent didn't they. Do they think everyone has forgotten?
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