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Partial closure could start on September 30
WASHINGTON (Nexstar) – The federal government faces 2 possible financial fiascos – a possible government shutdown and the possibility of the United States defaulting on its loans.
Although Congressional Republicans say they agree not to raise the debt limit and pay off American loans, they say Democratic spending is out of control and won’t help. Democratic leaders say the GOP helped take out the debt and it’s the right thing to do to raise the limit.
“The consequences for our country would be catastrophic,” said Republican Senator Mitch McConnell – but added that the GOP will not help raise the debt limit.
“Democrats want to build a partisan future without our input, so Democrats will not have bipartisan facilitators for their purely partisan spending spree,” he said.
McConnell said Democrats can raise the debt ceiling on their own by including the measure in the budget reconciliation bill, which does not require Republican support.
To add to the government’s financial woes, the federal government faces a partial shutdown on September 30 as agencies start to run out of money.
On Monday, Democrats announced they would try to tackle both issues with a single bill.
“The continued resolution that we will take a government shutdown will also include a suspension of the debt limit until 2022,” said Chuck Schumer of New York.
Democrats are trying to force Republicans to vote for raising the debt ceiling. Otherwise, Republicans will be blamed for the government shutdown.
There are other conditions attached to the bill, Schumer said: “Provide the emergency funds needed to settle Afghan refugees and those devastated by natural disasters this summer.”
By including aid to states hit by hurricanes and wildfires, Democrats hope to provide aid where it’s needed and accuse Republicans of being obstructionists.