Politics: GOP balks at White House push for standalone vote on debt ceiling - PressFrom - US

PoliticsGOP balks at White House push for standalone vote on debt ceiling

13:36  12 july  2019
13:36  12 july  2019 Source:   thehill.com

Mnuchin says debt ceiling deal 'close'

Mnuchin says debt ceiling deal 'close' Treasury Secretary Steven Mnuchin on Monday expressed optimism that Congress will agree to a deal that includes raising the debt ceiling in the coming weeks. Mnuchin addressed reporters from the White House briefing room, where he said he's had "productive talks" with Speaker Nancy Pelosi (D-Calif.), and that Democrats, Republicans and the White House are all in agreement that packaging a budget deal and a deb ceiling increase "is the first choice." "I think we're very close to a deal. But as you know these deals are complicated," Mnuchin said.

Once again the clock is ticking on the debt ceiling . Treasury Secretary Jack Lew sent a letter to lawmakers on Friday saying that he has begun to implement extraordinary measures to continue paying the country’s bills but if congress doesn’t raise the debt limit by February 27th the U.S. will have to.

GOP lawmakers in both chambers of Congress are calling for any debt ceiling hike to be accompanied by spending cuts or fiscal reforms — the same While they have not publicly endorsed a “clean” debt ceiling approach, House GOP leaders are preparing to push whatever the Senate passes and clear

GOP balks at White House push for standalone vote on debt ceiling© The Hill GOP balks at White House push for standalone vote on debt ceiling

Republican lawmakers are pushing back on a new White House plan that calls for a vote on raising the debt ceiling before August and then revisiting spending talks in the fall.

GOP senators say there's little desire in their conference to vote on a standalone proposal to increase the nation's debt limit, something that's broadly unpopular with the base.

Sen. John Cornyn (R-Texas), an adviser to Senate Majority Leader Mitch McConnell (R-Ky.), said Republican leaders would have a tough time passing such a measure if it's not attached to a broader spending deal.

GOP struggles to find backup plan for avoiding debt default

GOP struggles to find backup plan for avoiding debt default Republicans are in the dark about their party's backup plan for raising the debt ceiling amid growing anxiety that they will need to do so in a matter of weeks. Leadership wants to attach an increase in the nation's borrowing limit to a budget deal, which would let them consolidate two tough political votes. But while Congress has until January to avoid deep budget cuts, it appears increasingly likely it will have to vote to raise the debt ceiling before leaving for the August recess.

House Republican leaders to visit the White House this afternoon as Jack Lew says default would cause Here's a summary of where things stand : • The Republican House leadership was meeting with • The deal would prospectively push the debt ceiling back to about 20 November, averting a

Adding extraneous policy onto the debt ceiling hike is, essentially, a sweetener for Republicans who loathe the nation’s debt . Passing a bill with only Republican support serves two purposes: one strategic, one practical. It helps establish a GOP negotiating position since Democrats insist on a so-called

"It's going to be very hard," he said of passing a standalone debt limit increase. "I don't know where the 60 votes would be to get it done, just by itself."

Democratic leaders have said for months they want to move a debt limit agreement and a spending deal in the same package.

Speaker Nancy Pelosi (D-Calif.) said Thursday night that Congress should act on a budget caps deal to raise the debt limit before lawmakers leave town for the August recess.

"I am personally convinced that we should act on the caps and the debt ceiling," Pelosi told reporters, "prior to recess."

For a brief time, White House negotiators agreed the two issues should be coupled, but they have since started to change their minds as a deal with Democrats on the top-line spending numbers has proved elusive.

High anxiety hits Senate over raising debt ceiling

High anxiety hits Senate over raising debt ceiling Senators are growing anxious that they might have to vote to raise the nation's debt ceiling in a matter of weeks.

After initially balking at the request, House Republicans shifted tactics. They would give Democrats what they wanted. It's kind of like martial arts where you By allowing the vote , the GOP hopes to get Democrats on record as voting to raise the debt ceiling , something that's unpopular with many voters.

On Thursday, however, White House officials stressed that Mulvaney was not endorsing a specific White House position and was simply referring to the “We’ve consistently said that the debt ceiling needs to be raised and have urged Congress to act before the August recess,” OMB spokesman John

They are now worried that a spending deal with Pelosi will add more than $300 billion to the deficit over the next two years and damage Trump's reputation as a fiscal conservative with Republican voters.

By separating the debt limit from the spending talks, White House negotiators believe they will have more leverage to press Democrats to accept a smaller spending increase for domestic programs.

But congressional Republicans are warning the White House that a vote on just the debt limit would invite trouble.

"They may not appreciate the pragmatic concerns," Cornyn said.

Sen. Roy Blunt (Mo.), the Senate Republican Policy Committee chairman, said Thursday afternoon it would be better to vote on a comprehensive package and avoid a vote on the debt limit alone.

One GOP senator who faces a potentially competitive race next year expressed concern that without a spending deal that raises the debt limit beyond the 2020 election, Democrats will force Republicans to take several votes to raise the debt limit incrementally between now and Election Day.

U.S. May Top Debt Limit Sooner Than Forecast, Forcing Congress’s Hand

U.S. May Top Debt Limit Sooner Than Forecast, Forcing Congress’s Hand Congress has been acting like it has months to raise the U.S. debt limit, but lower tax revenue projections mean lawmakers could face a tighter deadline, according to an independent policy group. The Bipartisan Policy Center said Monday there is a “significant risk” that the U.S. will breach its debt limit in early September unless Congress acts. The group’s evaluation marked a revision from its previous forecast of an October to November date at which the U.S. will default on payment obligations. The Treasury Department has been using so-called extraordinary measures to meet debt obligations since March 2, when the U.S.

House Republicans will vote next week on a bill that would raise the nation’s debt ceiling for three months and stop pay for members of Congress if the Senate doesn’t pass a budget, GOP officials said Friday. The plan comes as GOP lawmakers across the country signal that they should not use the

Abandoning a fight over the debt ceiling would be a major shift for Republicans. The vast majority of Democrats will vote against everything except a clean debt ceiling increase, so if Republicans try to tack extraneous policy onto a debt ceiling measure, they’ll have to We still need to push for that.

"The Democrats are going to force us either to accept much higher spending levels or to vote on several debt-limit increases," the lawmaker said, requesting anonymity to discuss political strategy. "Debt-limit votes are hard for us."

The lawmaker warned that Democrats would love to have another standoff over the debt limit right before Election Day in order to rattle the financial markets and hurt GOP candidates.

Some Senate Republicans are already warning they will vote against increasing the debt limit, even if it is paired with a spending deal.

"When it comes to the debt limit, I'll be one of those that probably will be voting against raising it," said Sen. Mike Braun (R-Ind.), a newly elected freshman.

Failing to raise the debt ceiling would roil global financial markets and threaten recent economic gains.

A bill combining the debt limit increase with an eventual agreement on top-line spending numbers would be more palatable to lawmakers because it would let the appropriations process move forward and lessen the chance of another government shutdown.

WH projects $1 trillion deficit for 2019

WH projects $1 trillion deficit for 2019 The White House projects that the federal deficit will surpass $1 trillion this year, the only time in the nation's history the deficit has exceeded that level excluding the 4-year period following the Great Recession. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.getMedianetNativeAds(true); }); "The 2019 deficit has been revised to a projected $1.0 trillion," the White House Office of Management and Budget wrote in its mid-year review.

House Speaker Paul Ryan earlier called the Democratic leaders' push for a short, three-month increase in the debt limit "a ridiculous idea." Democratic leaders made their announcement Wednesday morning, saying in a statement they would support a debt ceiling bill being tied to Harvey

A “clean” debt ceiling increase — one with no policy strings or cuts attached — might be a problem for a GOP majority filled with fiscal conservatives. But GOP leaders in the House are eyeing what’s feasible in the chamber across Capitol Hill. And since Senate Democrats will never go for spending

McConnell and Senate Appropriations Committee Chairman Richard Shelby (R-Ala.) have stated consistently throughout the spring that they want to reach a two-year deal to put the appropriations process on stable footing and raise the debt limit beyond next year's election.

Shelby on Thursday said that is still his and McConnell's preference.

"[If] you got two together, you can create critical mass," he said. "I would do them together if I could."

Shelby said he agrees that voting on several stand-alone debt-limit increases isn't as smart politically as voting on the controversial issue just once and as part of a broader spending deal.

"I agree with that. I think we ought to go ahead and pay our debts, pay our bills - make sure that our credit is respected in the world markets and also try to get a number of certainty to appropriations issues," he said. "If you can do both together, you can create critical mass."

The White House in April first floated the idea of moving the debt limit separately from a deal setting top-line spending numbers for defense and non-defense programs. Administration officials later backed down after getting pushback from Congress.

But now Treasury Secretary Steven Mnuchin is putting the stand-alone debt-limit increase idea back on the table because of an impasse between the White House and Pelosi (D-Calif.) on the spending figures.

Government Could Breach Debt Ceiling in September, Mnuchin Warns

Government Could Breach Debt Ceiling in September, Mnuchin Warns Treasury Secretary Steven Mnuchin informed congressional leaders on Friday that the government could run out of money in early September, pleading with lawmakers to reach a deal to raise the government’s borrowing limit before their August recess or risk a potentially catastrophic default. Mr. Mnuchin, in a letter to leadership, said that while “it is impossible to identify precisely” how long the Treasury’s resources can last, updated predictions indicated that “there is a scenario in which we run out of cash in early September, before Congress reconvenes.” “As such,” Mr.

The House of Representatives on Monday approved an 11th-hour deal to raise the U.S. borrowing limit, clearing the biggest hurdle to averting a potentially Just one day before the deadline to lift the debt ceiling , the passage by 269 votes to 161 by the Republican-controlled House paved the way for an

The House voted Tuesday on a 'clean' debt increase through March 15, 2015. The debt limit hike passed Without any internal GOP consensus on how to proceed on the latest debt ceiling increase, Boehner House Minority Whip Steny Hoyer, D-Md., pushed back against Boehner's comments that

Mnuchin told reporters Wednesday after meeting with McConnell and House Minority Leader Kevin McCarthy (R-Calif.) that Congress may need to pass the debt-limit increase before the August recess, even without a spending deal.

He said he discussed with GOP leaders "potentially the need to do something before everybody leaves."

The Bipartisan Policy Center, a Washington-based think tank, on Monday warned that the federal government could hit the limit on its borrowing authority in early September, sooner than projected just a few months ago.

That puts pressure on Congress to vote on debt-limit legislation before leaving for the August recess early next month.

Democrats are questioning whether the debt limit will really expire in early September or whether the Trump administration is increasing the pressure to divorce the debt-limit and spending deal votes as a way to decrease Democratic leverage.

"There's no reason why we can't do it all," said Sen. Pat Leahy (Vt.). the senior Democrat on the Senate Appropriations Committee. "Why don't we just sit down, pass the appropriations bills, pass the debt limit or do them all? Everybody seems afraid to vote around here."

Asked if he believed the White House's warning that the debt limit will expire in early September instead of in October or November as previously projected, Leahy said, "I cannot imagine the Trump administration ever saying something that wasn't totally accurate and non-political," his voice heavy with sarcasm.

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