What happens when a cataclysmic deadline hits an immovable object? Congress is about to find out when a looming credit crisis meets Mitch McConnell.
With the threat of default on the nation’s $28 trillion debt awaiting this fall, Democrats are going ahead with plans to exclude raising the federal borrowing limit from their party-line $3.5 trillion budget bill. Instead, they are counting on the Senate minority leader to provide them the GOP votes they need to overcome a filibuster and avert economic disaster.
But McConnell is not budging. In fact, the Kentucky Republican is as dug-in as can be, according to advisers and colleagues. McConnell said in the Capitol Monday that nothing will change his mind: Democrats “have every opportunity to raise the debt ceiling that covers the reckless spending bill. And they will.”
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