No one likes the debt deal
Federal Budget,Economic Policy,Debt Ceiling,Politics,Capitol Hill,Democratic Party,Republican Party,US Congress,Economy And Jobs
The leaders of the Senate were happy Thursday with their deal to avoid a debt default. They were about the only ones.
Why it matters: The Band-Aid does nothing to solve the debt ceiling problem long term for Americans. Democrats fear it only kicks the can down the road to a very busy December. Republicans, meanwhile, are mad their party blinked.
“Why the hell would I make it easier for them to raise the debt ceiling through regular order? We had a strategy and we abandoned it," Sen. Lindsey Graham (R-S.C.) told CNN's Manu Raju.
Multiple Senate Republicans are so frustrated by the compromise between Senate Minority Leader Mitch McConnell (R-Ky.) and Senate Majority Leader Chuck Schumer (D-N.Y.), they not only refused to support the vote but threatened to prevent it from happening via a simple majority.
That left McConnell and his team scrambling, hunting for at least 10 members to help push the deal past the 60-vote threshold for major legislation.
Those Republicans would be forced to attach their names to an increase in the debt ceiling, even a temporary one — something McConnell had been trying to avoid.
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