Top Democrats Warming Up To Denying GOP A Chance To Leverage Debt Limit

by | Nov 13, 2022 | Politics

Democratic congressional leaders signaled Sunday they’re willing to consider raising the federal debt limit during the upcoming lame-duck session of Congress, while both chambers of Congress remain safely in Democratic hands.Dealing with the debt limit now instead of only a few weeks or days before the Treasury Department is projected to run out of borrowing room would be a break from Congress’ past pattern. But it also would let Democrats deprive Republicans of the chance to leverage it in the next two years if they win the House by holding an increase hostage for GOP priorities.Advertisement“We’ll see what they contend that they want to do. But our best shot I think is to do it now,” House Speaker Nancy Pelosi (D-Calif.) said on ABC’s “This Week With George Stephanopoulos.“Again, winning the Senate gave us a lot of leverage for how we go forward if we don’t do it in the lame duck. But my hope would be that we could get it done in the lame duck.”“The debt ceiling, of course, is something that we have to deal with. And it’s something that we will look at over the next few weeks.”- Senate Majority Leader Chuck Schumer (D-N.Y.)In a separate appearance on CNN, Pelosi said Democrats were focused on making sure they won in Tuesday’s midterms and preparing for the lame duck “whether it’s debt ceiling, or whether it’s other legislation that is necessary for the people as we go forward.”AdvertisementSenate Majority Leader Chuck Schumer (D-N.Y.), fresh off of declaring victory for Senate Democrats Saturday night, was a bit more cautious, possibly reflecting the politic …

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