Debt Ceiling Will Not Be in $3.5 Trillion Budget: Pelosi

Speaker of the House Nancy Pelosi (D-Calif.) said in a press conference today that Democrats will not be adding provisions to increase the debt ceiling to Sen. Sanders’ (I-Vt.) $3.5 trillion budget. This announcement came as tensions between Democrats and Republicans over raising the debt ceiling have been brewing since the beginning of August. Republicans, unhappy with the spending level of the federal government, have threatened not to vote for an increase to the debt limit if Democrats do not dramatically slow their spending. In early August, Senate Republicans led by Sen. Ron Johnson (R-Wis.) prepared a new strategy that would force congressional Democrats to take the brunt of the blame for increasing the limit. Forty-six out of the Senate’s 50 Republicans vowed in a petition created by Johnson that they would not vote for an increase to the debt ceiling. Over 100 House Republicans have since made the same …Read More

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