Democrats are likely to pass up their best chance to avoid a standoff over the debt limit without GOP votes, a move that will thrust Congress into risky territory this fall as the threat of economic ruin approaches
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Neither party is showing signs of flinching as Treasury Secretary Janet Yellen warns that the nation could reach its breaking point by mid-September. The Congressional Budget Office recently predicted that Treasury will run out of money in October or November. In response to that kind of Democratic criticism, Republicans counter: Then go it alone by adding a debt limit provision to your budget.
Budget Chair Bernie Sanders also would not confirm that a debt limit number will not be included in the budget resolution. "We're looking at all these issues,” he said Tuesday. Leaving the debt limit out of the budget resolution is also not an irreversible decision for Democrats, once made. But the choice to omit it at the outset will seriously complicate the task of preventing the nation from defaulting on its loans without Senate Republican votes.
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