Senate Minority Leader Mitch McConnell (R-Ky.) on Wednesday proposed a deal with Democrats that would help them suspend the debt ceiling before the United States defaults. McConnell in a statement said Republicans would help Democrats expedite the process known as reconciliation to address the debt limit. He also said the GOP would let Democrats pass an emergency debt limit extension at a fixed dollar amount, which would cover current spending levels into December. “This will moot Democrats’ excuses about the time crunch they created and give the unified Democratic government more than enough time to pass standalone debt limit legislation through reconciliation,” he said. “Alternatively, if Democrats abandon their efforts to ram through another historically reckless taxing and spending spree that will hurt families and help China, a more traditional bipartisan governing conversation could be possible.” The proposal seeks to quench Democrat complaints that Republicans may seek to delay a …
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