All said, the outcome of this debt crisis leaves zero confidence there won't be a next one.
default on the nation’s debt
All said, the outcome of this debt crisis leaves zero confidence there won't be a next one. In fact, McConnell engineered an end to the standoff that ensures Congress will be in the same spot in December when funding to pay America's bills next runs out. That means another potentially devastating debt showdown, all as the COVID-19 crisis lingers and the economy struggles to recover.
“McConnell’s role is to be the leader of the opposition and it’s his job to push back on what the majority wants to do,” said Alex Conant, a Republican strategist.“Nobody should be surprised to see the leader of the Republicans making the Democrats’ job harder,” he said.The debt showdown left Democrats portrayed as big spenders, willing to boostto pay the bills. But both parties have contributed to that load because of past decisions that leave the government rarely operating in the black.
Once a routine vote to ensure the nation's bills are paid, raising the debt limit has become a political weapon, particularly for Republicans, to rail against government spending. The tea party class of Republicans a decade ago brought the nation to the brink of default over the issue and set a new GOP strategy.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden, McConnell debt standoffs are nothing newThe showdown over the nation's debt ceiling is not the first time the Republican leader has been pitted against Biden in avoiding a catastrophic default.
Read more »
McConnell tells Biden he won't cooperate with Democrats to raise debt ceiling againSenate Republican leader Mitch McConnell on Friday warned President Joe Biden he should not expect cooperation on raising the debt ceiling again, a day after he voted with Democrats to overcome a procedural hurdle and make way for a temporary extension of the limit through early December.
Read more »
McConnell says he won't help Democrats raise debt limit againSenate Minority Leader Mitch McConnell says he will not again help Democrats extend the government’s borrowing authority
Read more »
Democrats split on how to pare back Biden agenda as $3.5 trillion price tag fallsModerates want fewer but permanent programs. Progressives urge creating many, even if they expire. And what about climate policies?
Read more »