Washington (CNN) – Senate Republicans offered a politically inspired fallback option to the debt ceiling impasse Tuesday, proposing three short-term increases in the amount the government can borrow while at the same time registering the disapproval of Congress for such a move.
The proposal is certain to be rejected by President Barack Obama and Democrats. Obama said Monday he would reject any short-term extension of the debt ceiling.
Senate Minority Leader Mitch McConnell, R-Kentucky, told reporters that the process he described would only occur if no agreement is reached by August 2 to raise the federal debt ceiling to avoid government default.
"If we're unable to come together, we think it's extremely important that the country reassure the markets that default is not an option," McConnell said.
However, Republican senators briefed on the plan described it as more of political messaging device than a viable option to avoid default.