BGOV OnPoint: Democrats Announce Plan to Address Debt Limit

Democratic leaders are planning to vote on a measure that would suspend the debt limit through December 2022, setting up a clash with Republicans as default risks come into view.

Speaker Nancy Pelosi (D-Calif.) and Senate Majority Leader Chuck Schumer (D-N.Y.) said the debt limit provision would be attached to a continuing resolution to keep the government funded past Sept. 30.

That measure would need some support from Republicans to reach the 60 votes needed to advance in the Senate. Minority Leader Mitch McConnell (R-Ky.) has rejected pleas from Treasury Secretary Janet Yellen to work with Democrats, citing their plans ...