Centrist Democrats Hatch Plan to Lift Debt Ceiling

Politico: “The rogue band of moderate Democrats has spent weeks constructing a break-glass deal with centrist Republicans in case the country goes all the way to the brink on the debt ceiling. As the summertime deadline for action approaches, they’re worried a prolonged standoff could lead to fiscal disaster.”

“But Biden officials and party leaders, however, see it far differently and are bristling at the attempts at a compromise, according to four lawmakers familiar with the discussions. Their party’s message to those plotting centrists: Your efforts are unlikely to succeed and risk hurting our goal of a clean debt ceiling increase.”

Playbook: “Any Plan B, they fear, will take heat off Republicans, who they believe will eventually swallow a clean debt ceiling increase due to implacable GOP infighting.”