Driving the Day: Dealing (or Not) on Debt

Later today, Vice President Joe Biden will reconvene his small, bipartisan working group.  The group, which is scheduled to meet four times this week, is entering a critical week.  CQ (sub. req’d) reports “With the House out of town next week and the Senate gone the week of July Fourth, lawmakers may be forced to start making decisions about what can or cannot be included.”

Yesterday, Senator Jon Kyl (R-AZ) told reporters the Biden-led group hasn’t “made any progress yet to warrant an increase in the debt ceiling.”  Sen. Kyl’s comments seem to echo those made by Senator Mitch McConnell (R-KY) on Sunday, who opened the door to a “very short-term” increase in the debt limit, allowing negotiators more time.  Even the White House has left the door open.

But to be clear, “short-term” should not be code for “blank check.”

Read More:
Cut, Cap and Balance – A Way Out of Debt
Government Obligations Set Record at $61.6 Trillion
Economists Agree: Spending Cuts Needed
Democrats Mixed Debt Ceiling Messaging

 

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