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Cornyn Says Debt Limit Increase Will Last Until January

October 7, 2021 · 1:59 pm ET · Leave a Comment

Sen. John Cornyn (R-TX) told NBC News his staff tells him that lifting the debt limit by $480 billion should take them to January, not December 3 as the Treasury Department says.

Said Cornyn: “We didn’t want to agree to something where they could just throw it into the omnibus. So keeping it separate is pretty important.”

Meanwhile, a potential hiccup from Politico: “Democrats may need help from at least 10 GOP senators to pass the deal on Thursday. Some Republicans, concerned about letting Democrats off easy, don’t want to allow Democrats to pass the measure with a simple 51-vote majority on the floor.”

Budget & Taxes, Senate

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Taegan Goddard

Taegan Goddard

Taegan Goddard is the founder of Political Wire -- which for more than two decades has been one of the nation's most influential political news sites.

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