McConnell says Republicans will not help raise debt limit again
The Republican Party will not assist the Democrats in raising the US’s debt limit again, said Senator Mitch McMconnell to Joe Biden on Friday.
McConnell’s words follow he and a number of other Senate Republicans joining Democrats in raising the debt ceiling until December 3, allowing the incumbent party to avoid using reconciliation.
“Last night, Republicans filled the leadership vacuum that has troubled the Senate since January. I write to inform you that I will not provide such assistance again if your all-Democrat government drifts into another avoidable crisis,” McConnell said, as he warned it would not happen again.
My letter to President Biden on the debt limit: pic.twitter.com/H1tDXHl07a— Leader McConnell (@LeaderMcConnell) October 8, 2021
The Democrats showed on a number of occasions that they were unwilling to use reconciliation, a process by which the party could raise the ceiling without requiring any Republican votes.
McConnell, who initially wanted the Democrats to use reconciliation, came around after they would be unwilling to do so.
McConnell received strong criticism from both fellow senators Lindsey Graham and Ted Cruz, which he addressed in his open letter.
“It got to the point where senators on both sides were pleading for leadership to fill the void and protect our citizens” and “I stepped up,” McConnell said.
Lindsey Graham tears into Mitch McConnell for 'folding like a cheap suit' by caving to the Democrats https://t.co/dbljbgdmnL— Daily Mail US (@DailyMail) October 8, 2021
“I said we needed to pass a bill to address the debt limit by the end of the week, and that is exactly what we did,” said Chuck Schumer, the Senate’s top Democrat.
The consequences of not finding a long-term solution to the debt issue could be “catastrophic”, said Cecilia Rouse, head of the White House’s Council of Economic Advisers.
“If the Treasury reaches the point where it has to default on its obligations, everything is on the table . . . All the ways in which our federal government helps our economy, families and national security would be at risk,” Rouse said.