Published On: Wed, Jul 21st, 2021

McConnell Predicts No GOP Backing for Debt Ceiling Hike, Says Democrats Should Instead Use Reconciliation

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Senate Minority Leader Mitch McConnell (R-Ky.) predicted on Tuesday that no Republicans would back a bill to raise the federal debt ceiling, and instead called for Democrats to include such a measure in a reconciliation package and pass it in what would almost certainly be a party-line vote. “I can’t imagine a single Republican in this environment that we’re in now–this free-for-all for taxes and spending—to vote to raise the debt limit,” McConnell told Punchbowl News in a Tuesday interview. “I think the answer is they need to put it in the reconciliation bill.” McConnell has been a vocal critic of the Biden administration’s massive spending proposals. On July 31, the Treasury Department bumps up against its statutory debt cap, which Congress temporarily suspended in 2019. If the suspension is allowed to lapse at the end of July, Treasury will be unable to raise additional funds by selling government securities …

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