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Short Term Deal on Debt Limit Not Final Yet

October 7, 2021 · 6:48 am ET · Leave a Comment

Punchbowl News: “Shortly after midnight on Thursday morning, Schumer said he and McConnell were still negotiating on the agreement and would continue their talks today.”

“There are a couple of hang-ups. Sources familiar with the negotiations suggested Republicans aren’t sure they can come up with 10 GOP votes needed to overcome their own filibuster on a “real number” — a dollar amount — to extend the debt limit until December. They haven’t cobbled together the votes up to this point, anyway. Most lawmakers would rather vote to suspend the debt limit until a date certain. Democrats are also pushing Republicans in negotiations to extend the new debt limit deadline past December, which Republicans oppose.”

“When the Senate will vote on whatever deal the two leaders reach remains fluid too. The vote could slide until Friday or even the weekend, depending on how long these talks go on, the sources cautioned. So stay tuned.”

Senate

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Taegan Goddard

Taegan Goddard

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