McConnell pours cold water on Trump-Schumer effort to repeal debt ceiling

McConnell pours cold water on Trump-Schumer effort to repeal debt ceiling

In an interview with The New York Times, McConnell said he had a hand in the deal Trump cut with Democratic leaders last week that, among other things, suspended the debt ceiling until December 8.

"Since I was in charge of drafting the debt ceiling provision that we inserted into the flood bill, we likely - nearly certainly - are not going to have another debt ceiling discussion until well into 2018", said McConnell, according to the Times report on the interview.

Congressional Republicans, after all, really wanted a debt limit increase that would extend past the 2018 midterm elections, avoiding another potential intra-party meltdown.

Mitch McConnell, the Senate majority leader. "I wrote it in such a way that it does not prevent what is frequently done, which is the use of extraordinary measures". "It doesn't mean we won't have to address the debt ceiling at some point, but it will not be in December". Senate race MORE (D-N.Y.) is firing back at Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellTrump's debt deal puts an end to politics as usual in Washington Trump's deal with Schumer, Pelosi should dismay conservatives Congress grapples with disaster aid MORE (R-Ky.), warning that decoupling the debt ceiling from funding for the government would backfire on Republicans. "My assumption is that the debt ceiling will continue".

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But separating the two issues could force Republicans to take two tough votes.

The news comes as a blow to Democrats hoping the short-term debt limit deal struck with President Donald Trump would provide them leverage in accomplishing some of their top priorities, including crafting legislation to codify the Deferred Action for Childhood Arrivals program.

Mr. McConnell said that he insisted the newly passed legislation preserve Treasury's ability to apply "extraordinary measures" and shift money within government accounts to pay off debt and extend federal borrowing power. And the debt limit fight would now be pushed into a hard midterm election year when Republicans might be even more averse. "I don't have any reaction to it", said Mr. McConnell, known for steely discipline when he decides not to answer a question.

Republicans at the time slammed the President's decision to overrule them and instead make a deal with the Democrats.

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