The New CS Board

[jumanji0881]

Republicans Are Forcing Democrats To Deal With Debt Limit Alone. But Will Dems Be Able To Do It? : https://www.msn.com/en-us/news/politics/republicans-are-forcing-democrats-to-deal-with-debt-limit-alone-but-will-dems-be-able-to-do-it/ar-AAOOiFS?ocid=msedgdhp&pc=U531


My Comment: So, how is this debt limit going to get resolved ? Any opinions ? If the debt limit cannot be part of the $3.5T reconciliation bill, then the $3.5T bill will have a lot of difficulty getting passed. And at least two Dem senators oppose the $3.5T price tag. I think a short term funding bill will get through Congress which kicks the debt limit can to Dec 3. Through all of the economic turmoil of China's property companies defaulting, especially Evergrande, and the debt limit stalemate, gold just keep falling. That's totally illogical.


Excerpt:
Rep. John Yarmuth (R-KY) said this week that there isn’t time for Democrats to include the debt ceiling hike in their reconciliation package before the United States hits its borrowing limit, a process which will involve amending the budget resolution and getting it through committee, getting instructions to various committees with the legislation to hike the debt ceiling, hours of debate and a vote-a-rama