White House to tap business leaders to push Republicans on debt ceiling

[applegrove]

BY REUTERS

White House to tap business leaders to push Republicans on debt ceiling

https://www.politicususa.com/2021/10/05/white-house-to-tap-business-leaders-to-push-republicans-on-debt-ceiling.html

By Jeff Mason

"SNIP.......

WASHINGTON (Reuters) – The White House is asking business leaders to meet with President Joe Biden on Wednesday about the need to raise the U.S. debt ceiling, according to a person familiar with the plans.

The proposed meeting is part of a broader White House strategy to pressure Republicans to vote for a debt ceiling increase or allow Biden’s Democrats to increase it alone, without throwing procedural hurdles in the way.

The Treasury Department has estimated that it has until roughly Oct. 18 for Congress to raise the government’s $28.4 trillion borrowing limit or risk a debt default that could spark potentially catastrophic consequences for the world’s largest economy.

The meeting with business leaders could underscore that executives in the corporate community want to avoid the chaos of a battle over the debt ceiling and put pressure on top Republican leaders such U.S. Senate Minority Leader Mitch McConnell.

.......SNIP"

[BlueNProud]

1. They better have a better plan that nonsense. The GOP will do anything to hurt Biden. Anything,

[Yoyoyo77]

2. There's more this.

Today Joe said they are thinking about going around the filibuster for this. If having top CEOs speak up about this doesn't move Manchin and Synema then nothing will.