White House's hopes for a lame-duck debt ceiling deal are fading fast, as Manchin says any debt ceiling increase should be bipartisan

[basquebromance]

the election's just over and we're back into another Manchin cul de sac.

Let’s make this the most productive lame-duck session of Congress in decades. And let’s start by lifting the debt ceiling to prevent Republicans from taking our economy hostage.

White House's hopes for a lame-duck debt ceiling deal are fading fast

Biden officials are increasingly pessimistic they'll avert an economically risky showdown over the debt limit next year.

www.politico.com

 

[sparky]

U.S. Treasury bonds are considered among the safest investments on earth and usually a haven for investors during uncertain times.

&&&&&&&&&&&

The worst occurred in the summer of 2011, when credit rating agency Standard & Poor’s stripped the U.S. of its perfect AAA bond rating status, the first such downgrade in American history

the bigger the boom, the bigger the bust

~S~

 

[Penelope]

the election's just over and we're back into another Manchin cul de sac.

Let’s make this the most productive lame-duck session of Congress in decades. And let’s start by lifting the debt ceiling to prevent Republicans from taking our economy hostage.

White House's hopes for a lame-duck debt ceiling deal are fading fast

Biden officials are increasingly pessimistic they'll avert an economically risky showdown over the debt limit next year.

www.politico.com

A White House spokesperson noted that congressional Republicans voted three times to lift the debt ceiling under former President Donald Trump. (from your article)

 

[Penelope]

GOP Members of Congress Threaten Debt Limit Default To Cut Social Security and Medicare​

GOP Members of Congress Threaten Debt Limit Default To Cut Social Security and Medicare

Several minority leaders in Congress indicate that holding the debt limit hostage to force program cuts in Social Security and Medicare is part of their 2023 playbook.

www.americanprogress.org

Congress has done so 78 times since 1960: 49 times under Republican presidents and 29 times under Democratic presidents. It voted to suspend the debt limit—effectively raising it—three times under President Donald Trump and increased the debt limit twice under President Joe Biden in late 2021.
snip
A default also puts at risk all federal programs, including Social Security, Medicare and Medicaid, defense spending, veterans’ benefits, public health, federal law enforcement, and federal interest payments, to name just a few. As a result, millions of American households would be unable to meet basic needs, and countless businesses would soon fail. The fallout would spread rapidly across the entire economy.

 

[pknopp]

This is why I hope Walker wins Georgia. We won't be able to get any huge programs with a split Congress and the Senate still at 50/50.

If Democrats want to raise the debt ceiling step up to your campaign promises to make the rich pay their fair share.

 

[Care4all]

If Warnock wins, and Manchin votes with repubs to not increase the debt ceiling, that puts it at 50/50 in the Senate and Harris would be the deciding vote.

The House is a whole nuther story!

 

[1srelluc]

Oh look, Manchin trying to look relevant again....Hey Joe, you still have Schumer's cum on your face.