Senate Majority Leader Chuck Schumer did not rule out including raising the nation's borrowing limit in the Democrats' massive economic plan which is currently being written.
"We are discussing all of the options with the President and Speaker Pelosi," Schumer said when asked if including the debt ceiling in reconciliation was an option. Congress must act in order to raise the nation's borrowing limit. Reconciliation is a budget process by which the Senate can pass legislation with only 50 votes, meaning Democrats would not need Republican support.
Senate Minority Leader Mitch McConnell said Tuesday that"Republicans are united in opposition to raising the debt ceiling," while acknowledging that it needs to be done. But he said that Democrats should be responsible after proposing trillions of dollars in new spending."I've never seen such an effort to expand the reach of the federal government like we've been confronted with this year," McConnell said.
Debt Ceiling ya mean. Not borrowing limit. Fixed it again.
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