Sunday, March 05, 2017

The Ceiling Returns

The debt still matters:
Generally, the party in power in the White House wants a "clean" debt ceiling bill with no extraneous conditions while the opposition wants to load up the debt limit bill with all sorts of riders and amendments.

But in an ironic twist, it may be conservatives in the House who try to throw a monkey wrench into raising the debt ceiling by offering all sorts of amendments that may pass the lower chamber but never make it out of the Senate.

Congress will be too busy the next few months trying to deal with President Trump's agenda to concentrate on raising the debt limit. But even if no one on the Hill is paying attention, that clock at the Treasury Department will continue to tick down until time runs out and we have another crisis on our hands.
The buck still has to stop somewhere...

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