Political Wire

You are here: Home / Budget & Taxes / Schumer and McConnell Face Off on Debt Ceiling

Schumer and McConnell Face Off on Debt Ceiling

By Leave a Comment

Playbook: “Chuck Schumer is about to double-dog dare Mitch McConnell and his members to vote against a debt ceiling increase this fall. Just weeks after the minority leader implored his counterpart to tack a debt ceiling increase on to their party’s massive reconciliation bill — lifting the $28 trillion borrowing cap without any GOP votes — Schumer instead is maneuvering to make Republicans squirm.”

“The tentative plan: Tack the debt-ceiling hike on to a short-term funding bill designed to avert a government shutdown at the end of September, a move that would require GOP support. The Democratic leader is, in short, betting the GOP will cave rather than risk the blame for destabilizing an already shaky economy.”

“The entire situation gives us flashbacks to when Republicans demanded spending cuts in return for raising the borrowing cap while Barack Obama was in the White House. The brinkmanship led Standard & Poor’s in 2011 to downgrade the nation’s credit for the first time ever.”

FavoriteLoadingSave to Favorites

Recent Posts

About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

Praise for Political Wire

“There are a lot of blogs and news sites claiming to understand politics, but only a few actually do. Political Wire is one of them.”

— Chuck Todd, host of “Meet the Press”

“Concise. Relevant. To the point. Political Wire is the first site I check when I’m looking for the latest political nugget. That pretty much says it all.”

— Stuart Rothenberg, editor of the Rothenberg Political Report

“Political Wire is one of only four or five sites that I check every day and sometimes several times a day, for the latest political news and developments.”

— Charlie Cook, editor of the Cook Political Report

“The big news, delicious tidbits, pearls of wisdom — nicely packaged, constantly updated… What political junkie could ask for more?”

— Larry Sabato, Center for Politics, University of Virginia

“Political Wire is a great, great site.”

— Joe Scarborough, host of MSNBC’s “Morning Joe”

“Taegan Goddard has a knack for digging out political gems that too often get passed over by the mainstream press, and for delivering the latest electoral developments in a sharp, no frills style that makes his Political Wire an addictive blog habit you don’t want to kick.”

— Arianna Huffington, founder of The Huffington Post

“Political Wire is one of the absolute must-read sites in the blogosphere.”

— Glenn Reynolds, founder of Instapundit

“I rely on Taegan Goddard’s Political Wire for straight, fair political news, he gets right to the point. It’s an eagerly anticipated part of my news reading.”

— Craig Newmark, founder of Craigslist.