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Politics : View from the Center and Left

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To: JohnM who wrote (480913)	10/6/2021 4:50:24 PM
From: JohnM	Read Replies (1) of 540733

McConnell’s Offer on Debt Limit Is ‘Bullshit’ Political Wireby Taegan Goddard “Senate Minority Leader Mitch McConnell told a closed-door meeting of Senate Republicans this afternoon that he plans to offer a short-term debt limit increase in order to help avert a default crisis. McConnell later confirmed that this proposal would extended the Treasury Department’s borrowing authority through November,” Punchbowl News reports. “This is an attempt at de-escalation by McConnell — and we’ll have to see if Schumer takes it. McConnell wants to give Democrats two possible roadmaps that allow them to hike the limit through reconciliation. However, this is also a recognition that Democrats have a legitimate concern about the time that may take. Republicans spent the week saying there was enough time for Democrats to alter their reconciliation process before the Oct. 18 borrowing deadline.” Sen. Mazie Hirono (D-HI) described the offer as “bullshit.”

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