The Hill BY AL WEAVER
Sen. Mitch McConnell (R-Ky.) is set to play a pivotal role in a debt ceiling fight expected to consume Washington in the coming weeks and months.
The Republican leader is a central figure in a fight between conservative House Republicans determined to win huge cuts to domestic spending and a White House that, at this stage in the game, is refusing to negotiate spending cuts for a debt ceiling hike.
Any debt ceiling increase must pass both the Senate and House, meaning McConnell likely will need to deliver GOP votes behind some kind of compromise if the government is to avoid defaulting on its payments — something that would rupture stock markets, threaten the U.S. credit rating and shake the underlying economy.
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