Senate to Move to Address Debt Limit

Punchbowl News: “The legislative mechanism for doing that, though, is still unclear. Senate Democrats have shown no interest in attaching it to BBB — as McConnell has suggested for the last five months — and there’s no interest from House Democrats or Senate Republicans to adding it onto the defense authorization bill, which Schumer has floated. So party leaders need to find a vehicle for a debt-limit increase. It won’t be the CR, although that would make the most sense in a lot of ways. But sense and Congress don’t always go together.”

“What’s notable here is the lack of incendiary language from McConnell and Senate Republicans on the issue this time around. Schumer and McConnell have met and discussed resolving the debt limit, but they haven’t said much beyond that. Hopefully there’ll be some more clarity this week. Wall Street is watching closely.”