Senate Majority Leader Mitch McConnell wrote in some “extraordinary” provisions to the debt ceiling bill that could mean there won’t be another debt ceiling fight in 2017 after all, he revealed on “The New Washington” podcast Monday.
McConnell insisted, in the face of Democrats’ objections, that the bill be written to preserve the Treasury’s ability to extend federal borrowing power by moving money around within government accounts. In layman’s terms, that means the Republicans can work around the December debt limit deadline and push that issue into 2018.
So the debt ceiling is pushed back. What’s the big deal?
Getting the debt ceiling deadline out of December is important for Republicans, who don’t want it to be used as leverage for the spending bill talks that will happen that month.
Read more at The Blaze.