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Yo_Mama_Been_Loggin

(107,922 posts)
Mon Oct 4, 2021, 08:39 PM Oct 2021

Factbox-How could U.S. Senate Democrats raise the debt limit on their own?

(Reuters) - The U.S. Congress has about two weeks to raise the federal government's $28.4 trillion debt ceiling or cause a historic default that would take a heavy toll on the economy.

The parties are deadlocked over how to do so. Minority Republicans want the Senate to use a parliamentary maneuver known as budget reconciliation, which would allow Democrats to act without Republican votes. Majority Leader Chuck Schumer has resisted that approach, preferring the measure to pass in regular order.

Here is the process the Senate would have to race through if Schumer were to blink, giving Senate Minority Leader Mitch McConnell his way and turning to reconciliation:

* The budget committees in the Senate and House of Representatives would have to write legislation enabling the debt limit to be raised through this arcane, tightly-controlled procedure.

-more-

https://www.msn.com/en-us/news/politics/factbox-how-could-us-senate-democrats-raise-the-debt-limit-on-their-own/ar-AAP8jY9

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