Report: Debt Ceiling Talks Have Broken Down

JM Ashby
Written by JM Ashby

I can't imagine anyone reading this will be surprised, but the Washington Post reports that debt ceiling talks between Senate Republicans and Democrats and the White House have broken down and shown no progress.

Mnuchin met Tuesday morning with Senate Majority Leader Mitch McConnell (R-Ky.) and Senate Minority Leader Charles E. Schumer (D-N.Y.), searching for ways to raise the debt ceiling, but the gathering ended without any progress — or even a clear sense of what the lawmakers need to deliver votes to raise the limit.

The White House had implored Congress to raise the debt ceiling before the August recess, but lawmakers showed little sign of engaging. The House of Representatives has already left town and will not return until after Labor Day.

It's not necessarily true that the White House has "implored Congress to raise the debt ceiling."

Secretary Treasury Steve Mnuchin was the first member of the Trump regime to urge Congress to raise the debt ceiling all the way back in June, but other members of the regime including White House budget director and possible lizard Mick Mulvaney have sent mixed signals.

Mnuchin has urged Congress to raise debt ceiling with a clean bill, but Mulvaney has insisted that spending cuts and other "reforms" be attached to it. The latter is obviously far more likely to cause problems.

When the House of Representatives returns from recess next month on Tuesday, September 5th, they will have just 12 days of legislative session to raise the debt ceiling, fund the entire federal government, do something about taxes, and possibly something about health care.

There can't be anyone out there who believes they will be able to do all of those things in just 12 days. Even if they cancel a week of home district work they have scheduled for the middle of the month, that would only afford 5 extra days of session.

The next fiscal year and deadline for a government shutdown is October 1st, but the deadline for raising the debt ceiling is September 29th.

  • swift_4

    As with everything important, Republican response will be to attach tax cuts for the rich, anti abortion measures, defunding PP, cutting Medicaid. Then they will say the Democrats are against the important thing.

    It should outrage people to the point where they get off the couch to vote in non-Presidential elections. But it doesn’t. Not enough.

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  • muselet

    So with regard to the debt ceiling, Steve Mnuchin is borderline sane, Mick Mulvaney is off his nut and the House leadership doesn’t want to know (presumably because the House Freedumb Caucus wants to burn the motherfucker down! just so they can see pretty flames).

    The Rs couldn’t organize a booze-up in a brewery if everyone brought a glass.


  • Badgerite

    I think that the people who have been urging their Congress critters to not deprive them of healthcare must remain active.
    Unless and until the GOP actually starts to actively put aside the mindset that this last election means that they are the only voices in this country that matter. Unless and until the GOP decides to work across the aisle to make healthcare in this country succeed for the people of their state and for the country. And it wouldn’t hurt if they would start to adopt that attitude on all things legislative for a change. I’m not holding my breath on that so I think the public needs to keep up the pressure on their employees in Congress.

  • ninjaf

    This would all be so laughable if it weren’t for the fact that the full faith and credit of the US rides on them getting this done. Couple a possible default with the circus this White House administration has been and we will do in what little remaining economic authority we have in the world. It won’t be long before our allies (and enemies) will start talking about finding something “more stable” than the US dollar to put their trust.