Early renewal of debt theatrics blindsides Congress

Source: Politico

“President Donald Trump’s top economic aides are urging Capitol Hill leaders to raise the debt ceiling by the end of July. And Congress is totally unprepared to do so. Lawmakers in both parties thought they’d have until the fall to act, and had planned to roll the always-difficult vote into a broader spending package that could be more easily swallowed. That strategy may now have to be tossed aside with the debt limit deadline approaching faster than expected. The White House request raises the prospect of a bruising fight over the debt limit — not just between Republicans and Democrats but within both parties. The GOP is torn over whether to combine spending cuts with the debt ceiling lift, and Senate Democrats are already signaling they may push for their own concessions since their votes are going to be needed to avoid a devastating government default.” (05/30/17)

http://www.politico.com/story/2017/05/30/debt-ceiling-lift-238861