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Free AccessMcConnell: Dems Will Be Party-Line Owners Of Debt Limit Raising
Craig Caplan at C-SPAN tweets thread on Senate minority leader Mitch McConnell (R-KY)'s comments on the looming debt ceiling expiry:
- McConnell on debt limit: "(Democrats) have every procedural tool they need to promptly advance a separate, stand-alone piece of legislation addressing the debt limit w.o a single Republican vote...It is laughable to hear some Democrats claiming they simply don't have enough time."
- McConnell after explaining on Senate floor how a standalone debt limit increase reconciliation bill could pass: "This won't be a multi-week process. Probably about a week of the Senate's time or a little more. And they don't have to wait on their reckless taxing & spending spree."
- McConnell: "I understand our Democratic colleagues may feel inconvenienced. I understand this may slightly delay their partisan bill. But that is a complaint, not an excuse." McConnell: "We have a unified Democrat government that has decided to govern alone. They cannot put partisan ambitions ahead of basic duties. The party-line authors of this reckless taxing and spending spree will be the party-line owners of raising the debt limit."
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.