Let’s have that debate over paying for the border wall, Mr
Shutdowns hurt federal workers, rattle financial markets and shake confidence in the US government overseas, but to date they have done little lasting economic damage, according to analysts.
A spokesman for McConnell noted the Senate majority leader had said earlier this week, in an appearance with Treasury Secretary Steven Mnuchin, that the debt ceiling would be raised.
To be sure, failure to raise the debt ceiling and defaulting on the nation’s obligations would be catastrophic.
Sen. Lindsey Graham, R-S.C., said raising the debt ceiling and securing the USA border was a “good combination” and suggested Republicans force Democrats into hard votes over the borrowing limit.
The president repeatedly has pressed Senate GOP leaders to change the rules so controversial legislation can pass with a simple majority, as opposed to 60 votes. Trump said in Twitter posts.
Within a 24-hour span, Trump delivered one speech in which he tore into the media and members of his own party, and a second in which he called for national unity and love.
Raising the debt limit simply allows the government to pay the bills on spending that Congress has already approved. He’s not insane to think of ways to put Democrats in a bad spot regarding the debt ceiling. He could even veto a debt ceiling bill. We can’t afford to kick this can down the road. There are two reasons, and Senate Republicans will be the key to what happens. Its membership includes Reps.
In budget fights past, House Speaker Paul D. Ryan, R-Wis., has relied on Democrats to get a majority of votes for a spending bill.
GOP congressional leaders are also being encouraged by outside conservative groups such as Heritage Action, the political arm of the Heritage Foundation, and FreedomWorks.
“The president wants to see his agenda passed”, McDaniel said. He holds a B.A.in politics and economics from Hillsdale College.
At FreedomWorks, President Adam Brandon is urging passage of the Debt Ceiling Alternative Act. The interest on the debt is $270 billion. If McConnell and Ryan are uninterested in ethics, they could at least use the interest of others as leverage over the White House. The memo, first reported by Politico, was the subject of a FreedomWorks tweet Thursday.
In case there was any doubt, Trump dropped his no-name directive in a Wednesday morning tweet: “Phoenix crowd last night was wonderful – a packed house”.
But in order for the sprawling edifice of US government to be able to afford to continue to fulfil its manifold functions, this debt ceiling needs to be raised again, and soon: by 29 September, according to the US Treasury Department. “We will pass the increase before we hit the debt limit”. One McConnell confidant says there was no tense phone call between the duo.
Credit ratings agency Fitch said on Wednesday it would review the United States sovereign debt rating, “with potentially negative implications”, if the debt limit is not raised in a timely manner.
“It’s a little like being a groundskeeper at a cemetery”, said McConnell. “America’s not going to default”.
The question about the VA bill and the debt ceiling misses the bigger signal from Trump’s tweets: He’s blaming the coming “mess”-Congress will return from its recess needing address the debt ceiling, the budget, and the legislative agenda-on Republican leadership”.
The two move on separate tracks, but are likely to get tangled, with Republican opponents of increasing the debt ceiling probably demanding federal spending cuts.
“We don’t expect much help in getting this tax code in a better place”, he said. “We’re going to have our wall”.