In-party disputes between Democrats are getting a lot of attention, but Republicans are waging their own internal battle over how far to push their debt limit before a senseless and catastrophic default on October 18.
So far, the party supports Senate Minority Leader Mitch McConnell (R-Ky.) Demand that Senate Democrats increase the debt ceiling through the laborious process of budget reconciliation. But time is running out and McConnell’s caucus is “divided on whether to take their fight as far as possible”, Politics reports. Democrats want Republicans to at least stop preventing them from raising it on their own. The House has already voted to suspend the debt ceiling until December 2022.
Senate Republicans have three main options: They could agree not to obstruct the debt ceiling bill, allowing Democrats to pass it with 51 votes. At least 10 Republicans could agree to join the Democrats and beat a filibuster, allowing for an ascending or descending vote. Or they could continue to force Democrats to take extraordinary measures like reconciliation, end filibustering for debt limit votes, or something fancy like asking the Treasury Department to strike a coin. 1,000 billion dollars.
And if Senate Majority Leader Chuck Schumer (DN.Y.) decides to embark on a path of reconciliation, Republicans could make it easy for them, use delay tactics to the brink of default, or whatever. burn by blocking the measure in the Senate Budget Committee. This is where most of the GOP discord is at the moment, Politics reports.
Senate GOP budget man Senator Lindsey Graham (RS.C.) wants to force Democrats to resort to reconciliation and ‘pick a number’ to raise debt limit – ‘a dollar figure specific opens the door for Republicans to launch attacks on Democratic incumbents in the mid-terms of next year, ” Politics explains – but he insists that “he does not want to prolong the process so long that it endangers the credit of the nation”, Politics said.
“I mean, I’m not going to be a complete asshole about this,” Graham said. Politics. “But I’m going to give them tough votes.”
Sen. Ted Cruz (R-Texas), who leads the obstruction charge of any debt limitation bill, seems more interested in the maximalist position. “The only way out for this political theater will be the complete surrender of Chuck Schumer, and he knows it,” he said. You can read where the other Republicans in the Senate are. Politics.