Tuesday, September 12, 2017

Crashing The Ceiling

Mitch McConnell gives in:
Mr. McConnell said that he insisted the newly passed legislation preserve Treasury’s ability to apply ‘extraordinary measures’ and shift money within government accounts to pay off debt and extend federal borrowing power.

That will delay the need for another increase in the debt limit well beyond the December deadline that Democrats have been trumpeting as their big moment of leverage. And Mr. McConnell said he did so over the objections of Senator Chuck Schumer of New York, the Democratic leader and aforementioned counterpart.

In fact, Mr. McConnell said, the debt limit will not have to be increased until well into 2018, taking that volatile subject off the table for the December spending talks, and eliminating the Democrats’ most dangerous bargaining chip in the first round of negotiations.
When you can get them to listen, you can get results...

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