White House's hopes for a lame-duck debt ceiling deal are fading fast
Posted on AllSides November 16th, 2022
From The Left
The White House has largely given up hope of Congress raising the nation’s debt limit during the lame-duck session that runs through late December, increasing the risk of a highly partisan, market-rattling fiscal confrontation next year.
Senior administration officials see little chance of attracting any Republican votes for a bipartisan debt limit hike during the short session. And they don’t believe they have the 50 Democratic Senate votes needed to slam through a hike using the budget reconciliation process that would allow them to avoid a Republican filibuster.
“We’d love...