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Senate Dems Craft Debt Limit Hike as China Urges US Government to Get It Together

Senate Dems Craft Debt Limit Hike as China Urges US Government to Get It Together
Senate Democrats are drafting legislation to raise the nation's debt limit without the type of unrelated conditions that Republicans have said they intend to demand, officials said Monday, as the White House signaled it would accept even a brief extension in borrowing authority to prevent an unprecedented default. Republicans have said they will seek long-term deficit cuts or reforms to benefit programs and perhaps a wholesale rollback in environmental rules as the price for raising the current $16.7 trillion debt limit.
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Donna Cassata
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