Kyrsten Sinema, D-Ariz., and Joe Manchin, D-W.Va., have questioned the need for trillions in new spending but have avoided committing to a spending target they can support. Passing any legislation under the budget rule known as reconciliation would require unanimous agreement among Democrats. Leaders also face a difficult path for approving additional spending through the budget process. 30 - one day earlier.ĭemocrats did not include a debt limit increase in the budget framework, meaning they will have to find some other way to address the issue. That coincides with the fiscal year end on Sept. The federal government already reached the borrowing limit and Treasury Secretary Janet Yellen has warned that the limit must be increased by Oct. Also, the borrowing limit must be increased by Oct. The decision to proceed with budget reconciliation creates a perilous path for top Democrats leading exceedingly thin majorities in both the House and the Senate at a moment of intense fiscal pressure in the country. Republicans have broadly rejected plans for additional spending and have said Democrats are threatening chances of bipartisan support for other critical economic issues, such as increasing or suspending the debt limit.
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