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Leaders Back Away From Raising Debt Ceiling, Punting Clash to New Congress

Mount Equity Group Tokyo Japan > News > Markets > Leaders Back Away From Raising Debt Ceiling, Punting Clash to New Congress

Several Republicans, however, have said they do not feel the same urgency to take up the debt limit, amid a December pileup of unfinished legislative work. In the evenly divided Senate, at least 10 Republicans would need to join Democrats to ensure such a measure could advance absent a move to use the reconciliation process.

“I don’t think the debt limit issue is until sometime next year,” Senator Mitch McConnell of Kentucky, the minority leader, said at a news conference last month.

Asked about the debt limit, Senator Roy Blunt, Republican of Missouri, said, “I think it’s more important to get the government funded, and I think that might become an obstacle to doing that.”

Agreement on a government funding package has remained elusive, jeopardizing lingering hopes of attaching not only a debt limit measure but a list of legislative priorities. With the funding package left as the lone must-pass measure, lawmakers are…

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