Debt limit crisis averted, for now
CQ Budget, Ep. 217
The Senate approved a short-term debt limit patch Thursday night, raising borrowing authority by $480 billion, but the compromise between Senate leaders doesn’t provide much time to reach a longer-term agreement. CQ Roll Call’s Jennifer Shutt and David Lerman take a look at the impending showdown over the debt limit.
Show Notes:
- Slow progress on budget package with deadline weeks away
- Short-term debt limit increase passes Senate, heads to House
- Democrats have a few reconciliation life hacks at their disposal
- Climate hawks reject compromise in reconciliation
- Bipartisan debt limit patch would raise borrowing cap by $480B
