Political and Legislative

Mitch McConnell Proposes a Deal to End the Standoff Over the Debt Ceiling

Senate Minority Leader Mitch McConnell (R-Ky.) is offering Democrats a deal that could end the stand-off over raising the nation’s debt ceiling just weeks before a possible default.

The GOP leader issued a statement shortly after a Senate Republican Caucus lunch announcing that he will allow Democrats to increase the nation’s borrowing authority for two months without having to use the cumbersome and time-consuming budget reconciliation process to avoid a filibuster.

But the catch is that McConnell will require Democrats to vote on a higher debt-limit number — something they would be required to do under the Senate’s budget reconciliation rules — instead of only voting on legislation to suspend the debt limit to sometime after next year’s midterm election.

Read the source article at The Hill

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