What’s odd about this standoff is that Republicans and Democrats agree that Congress has to address the debt limit, but Republicans are refusing to vote for what they themselves consider the right outcome. Do it.”Failing to deal with the debt limit could roil financial markets and even disrupt basic government operations. House Democrats tied their debt ceiling increase Tuesday to a measure that would fund the government and avert a shutdown. Republicans voted to suspend the limit three times during the Trump administration, adding trillions of dollars to the national debt. During the 2011 debt ceiling crisis, which resulted in the first-ever downgrade of U.S. debt holdings, Republicans demanded Democrats agree to enact budget cuts in exchange for an increase in the debt limit.

Source: Huffington Post September 21, 2021 18:56 UTC