Tuesday, 28 September 2021

Democrats agonize over debt limit options amid GOP blockade

Technology Manias - EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ

Democratic leaders keep ruling out what may be the only way to avoid a debt default, leaving lawmakers and financial markets uncertain of how a dramatic clash with Republicans over raising the debt ceiling will play out. Senate Majority Leader Chuck Schumer (D-N.Y.) seemed to shut the door on using budget reconciliation to raise the debt ceiling. Instead, he is leaning on Republicans to stop blocking a debt limit increase as the country creeps closer and closer to cataclysmic debt limit breach in three weeks. Schumer concluded on Tuesday afternoon…

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