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U.S. Senate Democrats to steer toward temporary debt limit increase By Reuters

by Mike Robinson

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© Reuters. U.S. U.S. REUTERS/Evelyn Hockstein


WASHINGTON (Reuters), – U.S. Senate Democrats announced Wednesday that Republican Leader Mitch McConnell has lost the battle for a debt limit increase via “reconciliation”, and will now move toward approving a temporary borrowing increase.

“It would be a world economic collapse had the richest country on Earth not paid its debt. We will pay our debts. “We have two months to decide where we go,” Senator Budget Committee Chairman Bernie Sanders stated, in reference to the stop-gap debt limit.

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