I don’t see it anywhere but CNBC yet but it looks like Yertle blinked.
Senate Minority Leader Mitch McConnell on Wednesday offered a short-term suspension of the U.S. debt ceiling to avert a national default and economic crisis until Democrats are able to pass a more permanent solution before the end of the year.
“To protect the American people from a near-term Democrat-created crisis, we will also allow Democrats to use normal procedures to pass an emergency debt limit extension at a fixed dollar amount to cover current spending levels into December,” he said in a statement posted to Twitter.
He’ll allow the Democrats to use normal procedures? That’s nice. My question now is whether we can wrap a longterm debt ceiling solution into the final reconciliation bill?