Politics: Pelosi rejects short-term debt ceiling hike as budget talks extend - - PressFrom - US

PoliticsPelosi rejects short-term debt ceiling hike as budget talks extend

06:30  16 july  2019
06:30  16 july  2019 Source:   politico.com

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.

Why would he want a short - term hike , knowing that that means he’ll face this same headache again in three months, when he could have sided For cripes sake, the only reason Schumer and Pelosi want a short - term extension is because they know this issue gives Republicans fits and is likely to spark

House GOP proposes short - term debt ceiling increase pending budget negotiations. Posted by William A. Jacobson Thursday, October 10, 2013 at 11 But White House premptively rejects budget negotiations while government “shut”. Those are the latest reports as a House Republican conference

Pelosi rejects short-term debt ceiling hike as budget talks extend© Win McNamee/Getty Images House Speaker Nancy Pelosi will continue Tuesday a back and forth with Treasury Secretary Steven Mnuchin on a budget deal.

House Speaker Nancy Pelosi Monday night turned aside the notion of a short-term debt ceiling hike as she continues negotiating on a broader budget deal with Treasury Secretary Steven Mnuchin.

After days of hashing out their positions over the phone, Pelosi (D-Calif.) and Mnuchin spoke again Monday night, with plans to talk on Tuesday, according to a Pelosi aide.

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.

With a shorter - term debt ceiling hike coming up in December at the same time as a government funding fight, Democrats will have more leverage in the Mnuchin has said that he and the president wanted the debt ceiling hike to be tied to aid for Hurricane Harvey ― a proposal opposed by many

The United States debt ceiling or debt limit is a legislative limit on the amount of national debt that can be incurred by the U.S. Treasury, thus limiting how much money the federal government may borrow.

“We shall see,” Pelosi said when asked about the possibility of striking a sweeping two-year agreement before the August recess that lifts the budget caps and the debt limit.

“The issues are what they are. They’ll be here now, they’ll be here later,” she said. “The interests of the full faith and credit of the United States of America are served by us doing this as soon as possible.”

Pelosi would not speculate on a backup plan if congressional leaders and the White House fail to strike an accord before the break.

The speaker outlined her parameters for a sweeping deal in a letter to Mnuchin over the weekend, demanding “parity,” or dollar-for-dollar increases in military and nonmilitary spending.

But some of the Trump administration’s key budget negotiators, like acting White House chief of staff Mick Mulvaney and acting OMB Director Russ Vought, have already panned the same-dollar increases, which House Democrats adhered to in crafting fiscal 2020 spending bills this year.

Pelosi also called for $22 billion in additional funding over the next two fiscal years for veterans' health care. Senate Appropriations Chairman Richard Shelby (R-Ala.) said tonight that request remains “a big obstacle” to a deal.

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Budget talks between White House, Pelosi spill into weekend.
Negotiations between the Trump administration and Speaker Nancy Pelosi (D-Calif.) on a two-year budget and debt ceiling deal are spilling over into the weekend amid growing signs of alarm from conservatives. The talks are down to discussions over the amount of cuts, or offsets, that will be included to help pay for the agreement to increase total defense and nondefense spending over the next two years. The administration is pushing for at least $150 billion in cuts to be included in the agreement. The White House reportedly sent a list of $574 billion in potential cuts to congressional leaders.

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