Even before Joe Biden and Kevin McCarthy held their first debt limit meeting, many lawmakers were already thinking about a backup plan to avoid a devastating default
held their first debt limit meeting, many lawmakers were already thinking about a backup plan to avoid a devastating default.
If McCarthy and Biden’s talks flounder, that would seem to leave centrists in a strong position. Senate Minority Leader has sidelined himself and indicated that McCarthy’s in the lead for their party, however, which means his moderates are also taking themselves out of the game to avoid undercutting the speaker. In short, don’t expect one of the Senate’s often-active bipartisan groups to swoop in just yet.
But when it comes time for a deal, plenty of players are waiting in the wings to assist or supplant the president and speaker.During the last Congress, a roving group of Senate centrists cut a series of seemingly improbable deals on same-sex marriage, infrastructure and gun safety. Right now, there’s no such movement on the debt ceiling.
Though there’s a real possibility that’s where Congress ultimately ends up, few want to admit it now. Sen., a frequent member of the chamber’s bipartisan policymaking gangs, said “the Senate is not really talking about getting involved at this point.”, a member of her chamber’s Democratic leadership. “Not on the question of whether or not we’re going to crash the economy.”
People familiar with the meeting made clear that the Problem Solvers have no intention of getting ahead of their respective party leaders, but pointed to early conversations about possible spending caps or broader fiscal reform that could prove valuable when negotiations kick off in earnest. The idea of a discharge petition is getting floated, though some Hill aides and budget experts see that route as too slow and unwieldy to accommodate a rapidly-changing default deadline. Some members are also discussing procedural gambits that would take less time to bring a bill to the floor, such as a House motion for a “previous question,” which has far more flexible rules.
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