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Democrats Pursue Doomed Debt Move, With Emergency Option in Hand

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Reuters

Republicans see opportunity in U.S. debt-ceiling standoff

In a high-stakes standoff over the U.S. debt ceiling, congressional Republicans believe they see a chance to scale back President Joe Biden’s sweeping domestic agenda while boosting their odds of retaking Congress in 2022. The Republican gambit passed an initial political test on Tuesday, when the House of Representatives voted 220-211 along party lines https://www.reuters.com/world/us/us-house-vote-tuesday-fund-govt-through-dec-3-raise-debt-limit-2021-09-21 to approve a measure to suspend the $28.4 trillion debt ceiling and fund the federal government beyond Sept. 30, when the current fiscal year ends. Republican Senate Leader Mitch McConnell has made it clear that his caucus, which holds half the chamber’s 100 seats, will block it, seeking to frame the vote as a referendum on a $3.5 trillion Biden domestic spending package the House and Senate will take up in coming weeks.

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