Congress struggles to explain to voters combo vote to spend billions more, raise debt ceiling - News Summed Up

Congress struggles to explain to voters combo vote to spend billions more, raise debt ceiling


Yet lawmakers must regularly cast ballots to increase the debt ceiling -- a threshold challenged by the growth of entitlement programs. However, a failure to increase the debt ceiling could spark a stock market crash or trigger a downgrade in the government’s credit rating. That’s why presidential administrations and congressional leaders of both parties always hunt around for some method to latch a debt ceiling increase with something else. Therefore, Ernst’s statement indicates she “votes no on debt limit increase.”Voting no on the debt ceiling may sound great to fiscal conservatives. And that means Congress will tangle again with the debt ceiling again in a few months.


Source: Fox News September 10, 2017 16:18 UTC



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