Senate Minority Leader Mitch McConnell (R-Ky.) appears to have made a deal with his counterpart, Majority Leader Charles Schumer (D-N.Y.), on a two-month extension of the debt ceiling after claiming for months that majority Democrats would have to use the lengthy reconciliation process to pass an extension on their own.
âIt would have been a disaster if this did not happen, and Iâm glad that Mitch McConnell finally conceded the point that we have to pay our debts incurred under Trump,â said Budget Chairman Bernie Sanders, a Vermont independent who caucuses with Democrats. âAnd letâs get this done as quickly as possible.â
He added: âThereâs not going to be reconciliation.â
Throughout the summer, McConnell insisted that Democrats would have to extend the debt limit on their own using reconciliation, which involves several votes and can take as long as two weeks.
But late Wednesday, out of the blue, McConnell indicated that he would agree to a short-term extension ahead of an Oct. 18 deadline when the government may have defaulted on its obligations…Â “READ MORE”