Pelosi Adds Debt Limit Hike to Short-Term Spending Bill

Speaker Nancy Pelosi announced that House Democrats “will combine a short-term government spending bill with a suspension of the debt limit in a package slated to hit the floor this week,” The Hill reports.

Washington Post: “The plan could face immediate political headwinds since Republicans previously have pledged to vote against an increase in the country’s borrowing limit, even if it is attached to a measure preventing a shutdown — part of a broader GOP effort to scuttle President Biden’s economic agenda.”

“As they presented their plan, Democrats on Monday once again sounded dire warnings about consequences of failure, which they said could destabilize global markets, shutter critical federal services during a pandemic and hold back assistance to millions of Americans in the aftermath of storms that battered the Gulf Coast and parts of the Eastern Seaboard.”