Senate Republicans Say No to Any Clean Debt-Limit Increase

[Yo_Mama_Been_Loggin]

(Bloomberg) -- A group of 43 Senate Republicans including Minority Leader Mitch McConnell said they’d oppose allowing a vote on legislation increasing the US debt limit with no strings attached, saying “substantive spending and budget reforms” must be part of the package.

The group’s letter to Majority Leader Chuck Schumer included almost every Republican in the chamber and showed they have the votes to block legislation, raising the stakes on President Joe Biden and Democrats who control the chamber.

-snip-

The letter comes amid mounting pressure to raise the $31.4 trillion borrowing limit and avert a catastrophic US payments default. Treasury Secretary Janet Yellen told US lawmakers on Monday that her department’s ability to use special accounting maneuvers to stay within the federal debt limit could be exhausted as soon as June 1.

Biden and top congressional leaders are due to meet Tuesday for highly anticipated talks amid the stalemate. Democrats have said they will negotiate with Republicans on some budget limits, but that it is “hostage-taking” to tie spending cuts to a boost in the debt limit.

https://finance.yahoo.com/news/senate-republicans-d-block-clean-174116523.html

Repeal the tax cuts for billionaires.

[MOMFUDSKI]

1. I happened to catch Senator Whitehouse

stating that when it gets close to DEFCON level the business folks will call the rethugs to tell them they have had their fun but get on with it. I am in that camp.

[LakeVermilion]

2. If there is going to be pain...

It must be shared with all.

Veto the bill. Republicans don’t get to choose the winners.

[haele]

5. Not the Real Estate and Hedge Fund Oligarchs. They want the economy in flames.

Makes them money right now...why should they care if 1 - 8 million suckers lose their jobs, so long as they can become feudal Lords after snapping up discounts and holding 95% of the population hostage if they want to survive?

Haele

[TheBlackAdder]

3. 43 of them. Not all. Now there is a list of those willing to tank the economy.

[emulatorloo]

7. ++++++

[WmChris]

4. Let's get back to balance

Repeal the GQP tax cuts for the rich, remove the income cap on S.S. tax and move on.

[emulatorloo]

6. Did Republicans insist on cuts to raise the dept ceiling when Trump was President? No?

Then STFU.

[DFW]

8. Amen to that

They blew the budget deficit up like a helium balloon under Trump, and NOW they find it „fiscally responsible“ to not pay the bills THEY incurred with their action?

They may find themselves facing a West Wing scene where the Republicans pull the same stunt, and the President just nods and says, „then shut it down.“

[OAITW r.2.0]

9. Fuck McConnell.

He laid down for Trump. 3 times. Now he has a problem? He can own the calamity.

[roamer65]

10. Just invoke the 14th and be done with it, President Biden.