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Lawmakers compromise on debt limit extension


Senate Minority Leader Mitch McConnell, R-Ky., is surrounded by journalists in the Capitol on Wednesday. Associated Press/Photo by J. Scott Applewhite

Lawmakers compromise on debt limit extension

Democratic lawmakers on Wednesday stalled a vote on the debt ceiling after Republican Senate Minority Leader Mitch McConnell offered a short-term fix to extend the national debt limit. In a statement, McConnell said Republicans would not block a measure to extend the debt limit until December. If passed, the proposal ends a standoff between the two parties ahead of an Oct. 18 deadline, when the Treasury Department says the U.S. government will run out of money to fund its obligations. As of Wednesday evening, Democrats and Republicans were still negotiating details.

What happens if legislators reach agreement? If passed, the proposal would postpone a longer-term decision about the debt limit until December, when lawmakers would again need to vote on the issue. In his statement on Wednesday, McConnell still insisted that Democrats raise the debt limit on their own later this year, using the budget reconciliation process.

Dig Deeper: Read Edward Lee Pitts’ report on a similar debt ceiling standoff in Washington 10 years ago.


Daniel James Devine

Daniel is managing editor of WORLD Magazine. He is a World Journalism Institute graduate and a former science and technology reporter. Daniel resides in Indiana.

@DanJamDevine

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CaptTee

Is Mitch getting anything for this offer or is he just caving to Democrats again?

news2me

What's the point?
They just spend what they want on whatever they want.
There seems to be plenty of money to spread around.