Democrats Flip On Debt Limit Increase

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( – On Thursday, House Minority Leader Hakeem Jeffries (D-N.Y.) signaled the Democrats have no interest in pushing for a discharge petition that would force a House floor vote in order to bring forth a debt limit increase. He continued by arguing it would be up to Speaker Kevin McCarthy (R-Calif.) to bring forth a bill that would help the country avoid going into a national default. He further added Republicans had repeatedly agreed to increase the country’s borrowing limits during the Trump administration.

During the press conference, Jeffries argued currently the “most viable option” would be if extreme MAGA Republicans decided to “get their act together” and agree to make an increase much like they had repeatedly done in the past for former president Donald Trump. As he added during Trump’s time in office the House voted to increase the debt ceiling on three different occasions, without anything in return because of how dire the “consequences” of defaulting would be.

Jeffries along with Senate Majority Leader Chuck Schumer (D-N.Y.) presented a report by Democrats on the Joint Economic Committee in which it was projected if the country was left to default on their debts, then each worker would lose $20,000 in retirement and new homeowners would need to pay an additional $55,000 because of the interest rates increasing.

When asked about whether a discharge petition could be a potential option, Jeffries claimed that the only true option currently, was for extreme MAGA Republicans to do “the right thing by the American people.”

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