Another showdown in D.C. on the horizon? Yup.
January 26th, 2014
11:58 AM ET
7 months ago

Another showdown in D.C. on the horizon? Yup.

Washington (CNN) – It was just over a month ago that lawmakers on Capitol Hill passed a bipartisan budget and members were singing "Kumbaya."

Those days are over.

Now Washington has moved on to its next crisis, and it's one you may be familiar with: the debt ceiling.

That budget lawmakers passed will keep the government running until 2015 but did nothing to address the nation's debt ceiling.

When the government was shut down in October, the deal reopening it included suspending the debt limit until February 7. After that, the Treasury Department must use "extraordinary measures," which would probably only prevent default for about a month.

Republicans say they want to attach something to the passage of a debt ceiling increase which will either increase jobs, decrease the debt or both.

"That's been the pattern for 50 years, going back to the Eisenhower administration. I think it's the responsible thing to do for the country," Senate Minority Leader Mitch McConnell said on "Fox News Sunday."

But senior White House adviser Dan Pfeiffer said there's no way President Barack Obama would accept any attachments to passage of an increase in the debt limit.

"The American people should not have to pay the Republican Congress' ransom for doing their most basic function, which is paying the bills. They have passed what is essentially a debt limit free of ideological riders the last two times. They should do it again and spare the country the drama," Pfeiffer said, also on Fox.

Still, all may not be lost. McConnell did signal that Congress wouldn't let the country go over the debt limit, even though Republicans would like to have more negotiations with the President.

"We need not have default. We're not going to default. (House Speaker John Boehner) and I made that clear. We've never done that. But it's irresponsible not to use the discussion, the request by the President to raise the debt ceiling, to try to accomplish something for the country," McConnell said.

CNNMoney's Gregory Wallace contributed to this report.


Filed under: Dan Pfeiffer • Debt • Mitch McConnell
soundoff (13 Responses)
  1. ChrisM

    There the GOPers go again. Even talking about not raising the Debt Ceiling will get America another Credit Downgrade like the GOPers did in 2010.

    January 26, 2014 12:04 pm at 12:04 pm |
  2. Barack Hussein Obama Chavez

    Extend the debt ceiling to $500 TRILLION dollars. That is the ultimate debt level the Democrats wish to achieve. Who cares if it destroys the country? We'll all have a great time until it all ends and our money is worthless. Party on people! Screw the young kids and their future. It is all about us and now.

    January 26, 2014 12:07 pm at 12:07 pm |
  3. Harold Read

    If we don't raise the Debt Limit like the Demicrsts wants, we can not ensure the wealth and prosperity for China for generations to come. $17 trillion is just not enough.

    January 26, 2014 12:31 pm at 12:31 pm |
  4. just asking

    ChrisM
    There the GOPers go again. Even talking about not raising the Debt Ceiling will get America another Credit Downgrade like the GOPers did in 2010.
    --

    but we will also get a credit downgrade when the credit rating agencies think we have more debt than we can support. would you care to offer up a number in trillions on when that will happen? or can we just borrow trillions forever? shouldn't we be putting this up to a vote by the kids would will be repaying this debt, while receiving no benefit from it?

    January 26, 2014 12:48 pm at 12:48 pm |
  5. Rick McDaniel

    The real battle is about to be waged........over the continuation of squanderous spending without justification.

    January 26, 2014 12:55 pm at 12:55 pm |
  6. Hooper

    More convoluted logic coming from the right of the aisle. Pander to the phobias of the flat earth crowd, or suffer the consequences. Damn It's Getting Old.

    January 26, 2014 01:05 pm at 1:05 pm |
  7. Name jk. Sfl. GOP CRUZ lee&rubio 24billion dallar LOSS of your tax money conservatives,the garbage of America.

    Just PAY THE BILLS, that's your job. Maybe I should tell my crditcard company that I want a new car from them before I pay the bill and see if they send me one??? What's the difference between that and what your doing?????

    January 26, 2014 01:10 pm at 1:10 pm |
  8. Obama: The Biggest Generational THIEF in our History

    $7 TRILLION in debt in 5 years and still climbing thanks to Obama. Why did ANY young person vote for this con man? Do they think somebody besides THEM is going to be saddled with repaying all this debt? Young, naive idiots is what the Democrats have played you for. WAKE UP!!

    January 26, 2014 01:13 pm at 1:13 pm |
  9. ChrisM

    Just Asking said
    but we will also get a credit downgrade when the credit rating agencies think we have more debt than we can support. would you care to offer up a number in trillions on when that will happen? or can we just borrow trillions forever? shouldn't we be putting this up to a vote by the kids would will be repaying this debt, while receiving no benefit from it?"

    Do you and the GOP know what happens when the Debt Ceiling is not raised? Do YOU, HUH?

    January 26, 2014 02:03 pm at 2:03 pm |
  10. NATHAN WIMBERLY

    Make our day Guns Over People tea potty wingnuts. November comes quickly for your party of No.

    January 26, 2014 02:44 pm at 2:44 pm |
  11. Tampa Tim

    Republicans are pretty good at not paying the bills for things they already bought. Brain dead conservatism.

    January 26, 2014 02:56 pm at 2:56 pm |
  12. don in albuquerque

    Gee I don't know "just asking". Maybe we should put it up to a vote by those same kids whether they ever want to eat sea food again (since the oil companies are destroying it), whether they want to breath even close to sustainable air again, or whether they want to continue war without end. Ya' think they might have some interest in those things? No? Didn't think so. Oh well without the first to and continuation of the third we will not have to worry about them. They won"t exist.

    January 26, 2014 03:18 pm at 3:18 pm |
  13. Thomas

    What children's story will Ted Cruz be reading to us this time ?

    Lord of the Fly's ?

    January 26, 2014 03:40 pm at 3:40 pm |