The White House said Tuesday that President Joe Biden opposes changing the filibuster to suspend or raise the debt ceiling, closing off a break-the-glass option to avoid financial calamity.
White House press secretary Jen Psaki confirmed that Biden’s position on reforming the filibuster has not changed as Democrats search for options to deal with the approaching debt ceiling deadline amid persistent refusal from Senate Republicans to step in and help. Earlier in the day, Treasury Secretary Janet Yellen warned congressional leaders that her department could run out of money by Oct. 18, triggering a disastrous default on the government’s debt that would cripple the entire U.S. economy…
Senate Minority Leader Mitch McConnell has said that Democrats should raise the ceiling alone, but he has also closed off all avenues for them to do so, save one: an amended reconciliation bill that would occupy a fair chunk of Senate floor time before Democrats could pass it by party-line vote.
Democrats in Congress are at odds over whether they have enough time to do that and the next steps forward. The party tried to pass a debt limit hike alongside a measure to fund the government last week. But that was filibustered by Senate Republicans.
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