Debt ceiling battle looms in Washington

Author:
Updated:
Original:

It looks like a battle over the country's debt limit is about to unfold in Washington.

Politico is reporting that House Republicans will propose increasing the debt limit for one year, while delaying "Obamacare" for that same amount of time.

House Majority Leader Eric Cantor announced the plan during a presentation in a closed door meeting of House Republicans on Wednesday. The legislation would also include tax reform, language urging construction of the Keystone XL pipeline, and some other budgetary reforms.

It didn't take Democrats in the Senate long to respond though, according to the Star Tribune, U.S. Sen. Amy Klobuchar, along with U.S. Sens. Chuck Schumer of New York, and Bob Casey of Pennsylvania held a press conference to rebuke the House bill.

Klobuchar, who is the vice chair of the Joint Economic Committee, told the Star Tribune that political brinksmanship is a tired tactic that has played out too many times before.

The house bill raises the stakes in a battle that will shutdown much of the government unless House and Senate leaders agree to raise the debt ceiling and get it to the White House by Oct. 1.

For his part, President Obama told USA Today that the debt ceiling is not a bargaining chip to set policy. He called it irresponsible politics.

Next Up

Byron Buxton

Extending Byron Buxton is an investment worth the risk

Buxton's value to the Twins exceeds some of their previous big contracts.

Screen Shot 2021-08-03 at 7.50.23 AM

Hunt for man wanted for murder of 20-year-old woman in Austin

The victim has been identified as Tyesha Tahne Gills.

police tape, crime scene

Police say man shot dead after dispute in north Minneapolis

The shooting happened at a residence along North Dupont Avenue.

Screen Shot 2021-07-30 at 10.55.37 AM

Bespoke office space for changing times, courtesy of Redbrick Commercial Real Estate

Redbrick Commercial Real Estate specializes in innovative and sustainable office spaces.

coronavirus, covid-19, icu

MN up to 45 counties with high or substantial COVID-19 transmission

Delta is leading to more cases – and more severe cases – involving children in other states.

Screen Shot 2021-05-23 at 9.08.48 AM

University of St. Thomas latest to require vaccines for students, staff

The college had previously offered incentives to get vaccinated, but is now mandating them.

Pixabay - crowd park outdoors CROP

New forecast predicts more than 4 million Twin Cities residents by 2050

The Met Council believes job opportunities will also steadily grow.

Mike Zimmer

Zimmer on unvaccinated players: 'Some of the things they've read are just, woof, out there'

The coach says he's doesn't understand why some players won't get vaccinated.

Related