Senate Majority Leader Chuck Schumer just told me “can’t do it” when asked if the budget reconcilation process is on the table to raise the debt ceiling by the Oct. 18 deadline.
“Reconcilation is very risky, risking default and risking downgrade. Can’t do it,” he said
“Reconcilation is very risky, risking default and risking downgrade. Can’t do it,” he said
Here are the options for raising debt limit: •An agreement to set the vote to suspend debt limit at a 51-vote threshold, but Republicans are objecting to that. (Any one senator can force a 60-vote threshold)
•Getting 60 votes to overcome a filibuster. But that would require 10 GOP votes, which isn’t happening
•Democrats using nuclear option to change filibuster rules to allow debt ceiling hike to advance with 51 votes. Manchin rejects this, so Dems don’t have the votes to do it
•Democrats using nuclear option to change filibuster rules to allow debt ceiling hike to advance with 51 votes. Manchin rejects this, so Dems don’t have the votes to do it
•Dems using reconciliation to circumvent a filibuster. That would require two marathon voting sessions on the floor — known as vote-a-rama — and could take at least two weeks to go through full legislative process without an agreement to speed it up. Ds have resisted this move
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