Article snippet: Republicans are in the dark about their party's backup plan for raising the debt ceiling amid growing anxiety that they will need to do so in a matter of weeks. Leadership wants to attach an increase in the nation’s borrowing limit to a budget deal, which would let them consolidate two tough political votes. But while Congress has until January to avoid deep budget cuts, it appears increasingly likely it will have to vote to raise the debt ceiling before leaving for the August recess. Underscoring the urgency, Treasury Secretary MORE sent letters to congressional leadership Friday requesting Congress vote before the recess, after first indicating to reporters that it was his “preference” lawmakers act this month. Sen. MORE (R-S.D.), when asked how Congress could raise the debt ceiling without a deal on spending caps to avoid the budget cuts, said it was a “good question.” “Did he have a suggestion about that?” the No. 2 Senate Republican asked, referring to Mnuchin, who has been sounding the alarm about the need for an expedited vote. Sen. MORE (R-Ky.), said it would be “very hard.” Sen. MORE (R-W.Va.), a member of leadership and the Senate Appropriations Committee, laughed when asked if she knew what the party’s alternate plan is for the debt ceiling. “No, I don’t know what the backup plan is,” she said. “I think if we could reach a caps deal then the debt limit would probably go in with it.” Voting on the debt ceiling before the August recess would give lawmake... Link to the full article to read more
GOP struggles to find backup plan for avoiding debt default | TheHill
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