Lawmakers Close In on Debt-Ceiling Deal
Lawmakers Close In on Debt-Ceiling Deal
December 7, 2021 at 1:50 pm EST By Taegan Goddard 27 Comments
https://politicalwire.com/2021/12/07/lawmakers-close-in-on-debt-ceiling-deal/
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“House leaders introduced legislation that would pave the way for Democrats to raise the debt ceiling in the Senate without Republican support, as lawmakers closed in on a procedural agreement to resolve the partisan clash over lifting the government’s borrowing limit,” the Wall Street Journal reports.
“The bill, which also prevents automatic spending cuts that would kick in next year, is the product of weeks of talks between Senate Majority Leader Chuck Schumer (D-NY) and Senate Minority Leader Mitch McConnell (R-KY) over the debt limit.”
Punchbowl News: “It’s early, but our reporting this morning from Capitol Hill leads us to believe that House and Senate leaders have found a way to raise the debt limit with a good possibility of minimal drama.”
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