When asked whether he would consider the so-called nuclear option of a filibuster carve out, he said: “I think that’s a real possibility.” The maneuver would allow Democrats to suspend the federal government’s $28.4 trillion borrowing cap without Republican votes. Democrats have the ability to raise the debt ceiling on their own but would require a lengthy congressional process called reconciliation to do so. It would nullify the 60-vote requirement to break a filibuster to raise the debt ceiling, allowing a simple majority to do so instead.
Using reconciliation to raise the debt ceiling could take two weeks. The deadline given by Treasure Secretary Janet Yellen is October 18. Biden on Monday said he couldn’t guarantee the debt ceiling would be raised in time because of “hypocritical, dangerous and disgraceful” Republican opposition.
The implications of failing to raise the debt ceiling are halts to; payment of federal workers, Medicare benefits, military salaries, tax credits, social security checks and payments to federal contractors.
ARTICLE: PAUL MURDOCH
MANAGING EDITOR: CARSON CHOATE
PHOTO CREDITS: TAMPA BAY
Latest posts by Paul Murdoch (see all)
- Over 100 climate change activists arrested during protest at Interior Department building - October 17, 2021
- Sheriff confirms aspects of Daily Wire’s investigation into Loudon County Public Schools - October 17, 2021
- President Biden’s admin released over 160,000 migrants into US since March, documents show - October 17, 2021