Punchbowl News: “Treasury Secretary Janet Yellen called Senate Minority Leader Mitch McConnell on Wednesday to discuss the debt-limit situation… But it doesn’t sound like much progress was made, the latest sign of how dug in both sides are on this issue with potentially just weeks before the federal government exhausts its borrowing capacity.”
“The House returns to town Monday for the first time in a month, and the showdown over government funding and the debt ceiling is quickly emerging as the top issue for the White House and Congress. Democratic leaders are currently planning to attach a debt-limit increase to a continuing resolution needed to keep federal agencies open beyond Sept. 30. The House is expected to take up that measure early next week. McConnell and Senate Republicans have said they will block this proposal.”
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