Senate Republicans say any plan to raise the debt ceiling will need to originate in the House, leaving negotiations to Speaker Kevin McCarthy (R-CA) as he faces a push by his right flank to demand spending cuts as part of any extension of the country’s borrowing limit.
The looming showdown between House Republicans and President Joe Biden comes as the country's debt reaches $31.4 trillion, the limit set by lawmakers when they last raised the ceiling in December 2021. Congress must act to raise or suspend that cap or risk defaulting and pushing the United States into a recession with global implications.
“I can’t imagine any debt ceiling provision passed out of the Senate with 60 votes could actually pass this particular House. So, I think the final solution to this particular episode lies between Speaker McCarthy and the president,” he added. Scott is a member of the self-proclaimed “Breakfast Club,” a group of conservatives calling for lower federal spending. The senators became a thorn in the side of Senate leadership as the upper chamber negotiated a $1.7 trillion omnibus deal before the Christmas recess.
Some Democrats urged leadership to take action to pass a clean debt ceiling bill during the lame-duck session of Congress while they had unified control of both chambers. But congressional leaders ran out of time and abandoned the idea. Now that Republicans have a majority in the House, that is no longer an option.
“I’m not going to negotiate in public. Obviously, again, we want to make sure we negotiate a budget that’s good for the average working family. We did that in the omnibus bill, we were very pleased with the outcome there, and hopefully, it can be done again without brinkmanship, but I’m not going to get into specifics,” Schumer said Tuesday.
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