fbpx
Political and Legislative

Democrats Hope to Suspend the Debt Limit and Avoid Shutdown

House Democrats will combine a short-term government spending bill with a suspension of the debt limit, a package slated to hit the floor this week, Speaker Nancy Pelosi (D-Calif.) announced Monday.

The move comes after weeks of debate over the best way to hike the government’s borrowing limit and prevent a default in the face of opposition from Senate Republicans, who are threatening to oppose the measure to protest President Biden‘s spending plans.

By combining the debt limit increase with the continuing resolution, which will extend government funding into December, Pelosi is daring Senate Minority Leader Mitch McConnell (R-Ky.) to sink the package and risk a government shutdown on Oct. 1.

Read the source article at The Hill

Leave a Review or Comment

Back to top button