Debt Ceiling Increase Without Spending Cuts

Republican leaders Mitch McConnell and Paul Ryan are planning to push for an increased in the debt ceiling without accompanying spending cuts.

The debt ceiling is presently $19.8 trillion.

However, beyond the Republican leadership there are few Republicans in agreement.  GOP lawmakers in both chambers of Congress are calling for spending cuts or fiscal reforms. That means that McConnell and Ryan will have to rely on Democrats.

Conservatives in the House Freedom Caucus have issued demands to support a debt increase.  They want steep cuts in mandatory programs.  However, Republican leaders under their current strategy will ignore conservatives because they cannot deliver the necessary votes to clear the Senate’s filibuster threshold of 60 votes.

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