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Senate Republicans take step to revive debt ceiling brawls with White House
Source: Washington Post
Senate Republicans take step to revive debt ceiling brawls with White House
The non-binding vote is a sharp pivot from their hands-off approach during the Trump administration
By Tony Romm
April 21, 2021 at 6:53 p.m. EDT
Senate Republicans on Wednesday signaled they might oppose any future increase to the debt ceiling unless Congress also couples it with comparable federal spending cuts, raising the specter of a political showdown between GOP leaders and the White House this summer.
Republican lawmakers staked their position after a private gathering to consider the conference’s operating rules this session, issuing what GOP leaders described later as an important yet symbolic statement in response to the large-scale spending increases proposed by President Biden in recent months.
“I think that is a step in the right direction in terms of reining in out-of-control spending,” Sen. Ted Cruz (Tex.) told reporters after the meeting.
The debt ceiling is the maximum amount the U.S. government is allowed borrow to meet its financial obligations. Congress previously agreed to suspend the limit through July 2021, at which point the Treasury Department has only a few months of “extraordinary measures” it can take before lawmakers must either raise the amount — or face the unprecedented consequences of default.
-snip-
The non-binding vote is a sharp pivot from their hands-off approach during the Trump administration
By Tony Romm
April 21, 2021 at 6:53 p.m. EDT
Senate Republicans on Wednesday signaled they might oppose any future increase to the debt ceiling unless Congress also couples it with comparable federal spending cuts, raising the specter of a political showdown between GOP leaders and the White House this summer.
Republican lawmakers staked their position after a private gathering to consider the conference’s operating rules this session, issuing what GOP leaders described later as an important yet symbolic statement in response to the large-scale spending increases proposed by President Biden in recent months.
“I think that is a step in the right direction in terms of reining in out-of-control spending,” Sen. Ted Cruz (Tex.) told reporters after the meeting.
The debt ceiling is the maximum amount the U.S. government is allowed borrow to meet its financial obligations. Congress previously agreed to suspend the limit through July 2021, at which point the Treasury Department has only a few months of “extraordinary measures” it can take before lawmakers must either raise the amount — or face the unprecedented consequences of default.
-snip-
Read more: https://www.washingtonpost.com/us-policy/2021/04/21/senate-republicans-debt-ceiling/