Pelosi calls GOP debt limiting stance “irresponsible beyond words”
House Speaker Nancy Pelosi harshly criticized Republican leaders on Sunday as Washington is once again locked in a high-stakes game on the brink of collapse. US debt limit.
“Isn’t that irresponsible beyond words? Pelosi said during an interview on ABC’s “This Week”.
The US government is on the verge of running out of money in mid-October, raising the specter of a federal default that could rock financial markets and lead to missed payments on social security and military balances.
Over the past decades, Congress has consistently raised or suspended the debt ceiling, limiting the ability of the U.S. government to borrow money to pay its bills. Under the Trump administration, the debt ceiling has been suspended three times.
“We have cooperated three times when President Trump was President to lift the debt ceiling,” Pelosi said Sunday. “Even having the discussion that he could possibly be in default reduces… our credit rating.”
House Democrats approved a measure last week, via a party line vote, to continue funding the government until December and lift the debt limit until December 2022. But this legislation is expected to cope. to a GOP obstruction in the Senate, meaning it will take 10 Republicans vote to pass the House 50-50. A government shutdown is also looming on October 1 if an interim financing measure is not adopted.
Senate Minority Leader Mitch McConnell declined to provide support, suggesting Democrats should instead embrace the debt measure through the filibuster-proof reconciliation process. McConnell has linked his opposition to the massive spending Democrats hope to push forward this week.
“Let me be perfectly clear: if they don’t need or want our contribution, they won’t get our help. They won’t get our help with the increase in the limit. debt that these reckless plans will require, “McConnell said on the Senate floor in August.
“The debt ceiling will be raised, as it always should be,” McConnell said last week. “But he will be lifted by the Democrats.”
Leading Democrats have rejected the use of reconciliation to settle the debt ceiling, noting that procedural hurdles in the Byzantine budget process could make it difficult to pass such a step before the U.S. government defaults. Pelosi also said on Sunday that she wanted the debt vote to be bipartisan.
“It’s beyond a big deal,” she said. “So let’s hope Republicans find – enough of them – find some level of accountability to our country, to honor what’s in the Constitution, that we don’t question America’s full faith and credit. America. They know very well what the consequences are. They preached it when the former president was in power. “
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