Congress Nears a Debt Limit Timeline With No Deal in Sight
Congress is only a couple of weeks away from hitting the Dec. 15 deadline to raise the federal debt limit and Senate Majority Leader Charles Schumer (D-N.Y.) and Minority Leader Mitch McConnell (R-Ky.) don’t appear to be anywhere close to a deal.
Democrats insist that Schumer will not burn up a week of Senate floor time to use the budget reconciliation process to raise the debt limit with only Democratic votes.
And Republicans say there’s no way that McConnell will be able to round up 10 Republican votes to quash an expected filibuster from conservatives such as Sen. Ted Cruz (R-Texas) and allow Democrats to pass debt-limit legislation with a simple majority under regular order.