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debt limit

Darling: Attach Cut, Cap, and Balance to Debt Limit Hike

Treasury Secretary Steven Mnuchin argued on Fox News Sunday for a “clean” hike in the debt limit. Mnuchin also pushed a strategy of attaching the debt limit as an amendment to a bill to provide $7.9 billion in temporary relief to victims of Hurricane Harvey.

Paul Ryan, Mitch McConnell

Mitch McConnell Vows to Raise U.S. Debt Ceiling

Senate Majority Leader Mitch McConnell says there is “zero chance” Congress will allow the country to default on its debts by voting to not increase the borrowing limit.

The Associated Press

Speaker-in-Waiting Paul Ryan Abandons Opposition to Big-Spending Budget Deal

Paul Ryan’s previous criticism of the deal to his Republican colleagues was quite pointed, including a declaration that the process “stinks.” But now he expresses optimism that the deal will include “meaningful reforms to strengthen our safety net programs, including significant changes to bolster Social Security,” and fund the military, as well as providing an opportunity to “return to regular order in our budget process.” His evaluation has been upgraded from stinky to “some good, some bad, and some ugly.”

Rep. Paul Ryan (R-WI) (L) leaves with Rep. Luke Messer (R-IN) after a House Republican Conference meeting October 21, 2015 at the Capitol in Washington, DC. Rep. Ryan said he is open to running for Speaker of the House if the GOP will unify behind him.

Debt Ceiling Crisis Has Been Great for the Stock Market

A huge stock market rally kicked off when the U.S. Treasury was forced to pay out a net $32 billion last week after the Republican Congress failed to raise the legal debt ceiling on the U.S. government’s $18.113 trillion Ponzi debt scheme.

The Associated Press