{"id":748577,"date":"2021-09-13T16:50:14","date_gmt":"2021-09-13T20:50:14","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=748577"},"modified":"2021-09-13T16:50:19","modified_gmt":"2021-09-13T20:50:19","slug":"congress-barrels-toward-debt-ceiling-catastrophe-as-dems-gop-dig-in","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/congress-barrels-toward-debt-ceiling-catastrophe-as-dems-gop-dig-in\/","title":{"rendered":"Congress Barrels Toward Debt Ceiling Catastrophe As Dems, GOP Dig In"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcongress-barrels-toward-debt-ceiling-catastrophe-as-dems-gop-dig-in%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=748577&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>While the Senate returned from its August recess Monday and the House continues to markup Democrats\u2019 $3.5 trillion budget, no progress has been made on increasing the debt ceiling, risking enormous consequences to the entire American financial system.<\/p>\n<p>The Treasury Department has predicted that the U.S. will run out of money <a href=\"https:\/\/dailycaller.com\/2021\/09\/08\/janet-yellen-us-out-of-money-october-congress-raise-debt-ceiling\/\" target=\"_blank\" rel=\"noopener noreferrer\">sometime in October<\/a>, with Secretary Janet Yellen <a href=\"https:\/\/dailycaller.com\/2021\/07\/23\/treasury-secretary-janet-yellen-irreprable-harm-congress-debt-ceilng-mitch-mcconnell-nancy-pelosi\/\" target=\"_blank\" rel=\"noopener noreferrer\">warning<\/a> of \u201cirreparable\u201d harm if Congress does not come together to raise it in order to prevent the country from defaulting on its debts. Republicans, however, have doubled down against doing so, instead calling on Democrats to raise it themselves as part of the $3.5 trillion package, which can pass on party lines.<\/p>\n<p>Their move is an attempt to hinder the budget itself, legislation that they say amounts to nothing more than socialism. And if a multitrillion debt ceiling increase is attached to the expansive package, it could further dissuade moderate Democrats who have already expressed <a href=\"https:\/\/dailycaller.com\/2021\/09\/02\/joe-manchin-democrats-pause-3-5-trillion-budget\/\" target=\"_blank\" rel=\"noopener noreferrer\">concern<\/a> over its size from backing it, even though the increase itself does not actually incur new debt.<\/p>\n<p>\u201cDemocrats want Republicans to help them raise the debt limit so they can keep spending historic sums of money with zero Republican input and zero Republican votes,\u201d Senate Minority Leader Mitch McConnell said in August. \u201cIf they want 50 lock-step Democratic votes to spend trillions and trillions more, they can find 50 Democratic votes to finance it.\u201d<\/p>\n<p>Democrats, however, have held their ground, calling on Republicans to join them in a necessary act that has been done on an overwhelming bipartisan basis in recent years under presidents of both parties in order to prevent possible economic collapse.<\/p>\n<p>\u201cWhen President Trump was president, we Democrats supported lifting the debt ceiling because it\u2019s the responsible thing to do,\u201d House Speaker Nancy Pelosi said during her press conference last week. \u201cI would hope that the Republicans would act in a similarly responsible way.\u201d <strong><a href=\"https:\/\/dailycaller.com\/2021\/08\/31\/congress-faces-brutal-september-high-stakes-deadlines-budget\/\" target=\"_blank\" rel=\"noopener noreferrer\">(RELATED: Congress Faces An Absolutely Brutal September Filled With High-Stakes Deadlines)<\/a><\/strong><\/p>\n<div id=\"attachment_7281695\" class=\"wp-caption alignnone\" readability=\"33\"><img decoding=\"async\" aria-describedby=\"caption-attachment-7281695\" loading=\"lazy\" class=\"size-full wp-image-7281695\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/09\/GettyImages-1235234264-scaled-1.jpg\" alt srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/09\/GettyImages-1235234264-scaled-1.jpg 2560w, https:\/\/cdn01.dailycaller.com\/wp-content\/uploads\/2021\/09\/GettyImages-1235234264-180x120.jpg 180w, https:\/\/cdn01.dailycaller.com\/wp-content\/uploads\/2021\/09\/GettyImages-1235234264-620x413.jpg 620w, https:\/\/cdn01.dailycaller.com\/wp-content\/uploads\/2021\/09\/GettyImages-1235234264-768x512.jpg 768w, https:\/\/cdn01.dailycaller.com\/wp-content\/uploads\/2021\/09\/GettyImages-1235234264-1536x1024.jpg 1536w, https:\/\/cdn01.dailycaller.com\/wp-content\/uploads\/2021\/09\/GettyImages-1235234264-2048x1365.jpg 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/p>\n<p id=\"caption-attachment-7281695\" class=\"wp-caption-text\">Minority Leader Mitch McConnell has led the GOP resistance to supporting a debt ceiling increase. (MANDEL NGAN\/AFP via Getty Images)<\/p>\n<\/div>\n<p>Democrats have also linked a debt ceiling increase to the increased spending under the Trump administration as reasons why Republicans should help increase it.<\/p>\n<p>\u201cThis is not about greenlighting future spending,\u201d Senate Majority Leader Chuck Schumer said on the Senate floor, accusing his GOP colleagues of acting in a \u201creckless\u201d way that will \u201charm every single American.\u201d<\/p>\n<p>\u201cThis is about paying debt from past spending, which was incurred during the Trump administration,\u201d he added.<\/p>\n<p>But even moderate Republicans seem uninterested in raising the limit as long as Democrats proceed with their party\u2019s budget, which addresses the bulk of President Joe Biden\u2019s domestic agenda.<\/p>\n<p>\u201c[The budget] will exacerbate the 20-year high in inflation which is a very direct and cruel tax on working families,\u201d Maine Republican Sen. Susan Collins <a href=\"https:\/\/twitter.com\/burgessev\/status\/1437456312875589634\">told reporters<\/a> Monday. \u201cIf they\u2019re going to support that kind of spending, I don\u2019t want to facilitate that.\u201d<\/p>\n<p>Congress, in addition to the fast approaching deadline, must also fund the government before the current fiscal year expires on Sept. 30. But lawmakers have discussed passing a <a href=\"https:\/\/dailycaller.com\/2021\/09\/09\/congress-adds-items-jam-packed-september-budget-infrastructure-debt-ceiling\/\" target=\"_blank\" rel=\"noopener noreferrer\">continuing resolution<\/a>, which would fund federal agencies through early December and punt the overall funding bill and address the debt ceiling and try and pass the budget and bipartisan infrastructure bill.<\/p>\n<p>Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact <a href=\"mailto:licensing@dailycallernewsfoundation.org\">licensing@dailycallernewsfoundation.org<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>While the Senate returned from its August recess Monday and the House continues to markup Democrats\u2019 $3.5 trillion budget, no progress has been made on increasing the debt ceiling, risking &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-748577","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/748577","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=748577"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/748577\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=748577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=748577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=748577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}