Republicans Tell Democrats to Go It Alone on Debt Ceiling
- Democrats face decision about how to address debt limit
- Yellen has warned borrowing capacity could run out soon
Senate Minority Leader Mitch McConnell leaves the Senate Chamber in the U.S. Capitol on Aug. 11.
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Forty-six Republican senators issued a stern warning to Democrats that they will not vote for an increase in the debt ceiling, a move that could raise the risk of the U.S. Treasury defaulting on its obligations as soon as next month.
“We will not vote to increase the debt ceiling, whether that increase comes through a stand-alone bill, a continuing resolution, or any other vehicle,” the letter, dated Aug. 10, said. “Democrats, at any time, have the power through reconciliation to unilaterally raise the debt ceiling, and they should not be allowed to pretend otherwise.”