What danger(s) does Chuck Schumer currently see in using reconciliation to increase debt limit?

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The Politicus
Sep 29, 2021 08:55 PM 0 Answers
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Treasury Secretary Janet Yellen has said that if Congress does not raise the debt limit by mid-October, 2021, the U.S. could default, which could have macroeconomic implications.

The Senate minority leader (McConnell) insists Democrats must raise the debt limit alone by a simple majority in the reconciliation process. This procedural tactic has been repeatedly used in the past to raise the debt limit.

But the Senate majority leader (Schumer) says that using reconciliation for the debt limit is a "non-starter" and "dangerous." Has Schumer been more specific about what the danger now is?

I'm not asking about the dangers Janet Yellen raises about default, but the danger of using reconciliation to avoid default.

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  • September 29, 2021