Democrats Plan To Include Debt Limit Suspension In Stopgap Funding Bill

“Going through reconciliation is risky to the country and is a nonstarter,” Schumer said at his weekly news conference.

Some have speculated Democrats could attempt to change Senate rules by simple majority to lower the filibuster threshold for must-pass legislation like the debt ceiling. But with Democrats Joe Manchin III of West Virginia and Kyrsten Sinema of Arizona opposed to the "nuclear option" for legislation, it's not clear party leaders would have the 50 votes they need plus Vice President Kamala Harris.

Hoyer told reporters Tuesday that reconciliation might still be on the table as a last resort, though he suggested House Democrats would try first to pass a debt limit bill through the regular process. He said that measure would likely be attached to a "message bill," or a vehicle that's gone through both chambers with amendments, to avoid the Senate having to go through a motion to proceed.

After a previous two-year suspension in 2019, the debt limit was reinstated Aug. 1 at $28.4 trillion. But that borrowing cap will now be breached in a matter of weeks, according to Yellen and several private-sector forecasts.

A similar standoff in 2011 led to a downgrade in the U.S. credit rating, as nervous investors worried about Treasury not being able to meet its obligations to bondholders and others. To avoid such a risk in the future, Democrats have discussed changes to debt limit policies.

Source : https://www.rollcall.com/2021/09/28/democrats-mull-options-for-debt-ceiling-as-gop-holds-firm/

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Democrats back off debt fight to stop shutdown

Source:Yahoo

Democrats back off debt fight to stop shutdown

Senate Republicans block bill to suspend debt limit and avert shutdown in key vote

Source:CNN

Senate Republicans block bill to suspend debt limit and avert shutdown in key vote