Senate Minority leader Mitch McConnell is open to raising the debt ceiling for a few months. That way budget negotiations can continue.
WASHINGTON (Reuters) – Congress and the White House could raise the debt limit for a few months while they seek a comprehensive, long-term budget deal, Senate Republican leader Mitch McConnell said on Sunday.
The Obama administration has warned it will run out of money to pay the nation’s bills if Congress does not raise the $14.3 trillion debt limit by August 2 — a prospect that could push the country back into recession and upend global financial markets.
Republicans need to hold firm on this issue. I’m not opposed to raising the ceiling for a few months, but after that no way.
Tags: Mitch McConnell
