Pelosi Urges Debt-Ceiling Vote in Lame-Duck Session to Avoid Risk
- House speaker cites prospect of GOP majority from January
- Can’t play with fire with US credit rating at stake, she says
House Speaker Nancy Pelosi
Photographer: Ting Shen/BloombergThis article is for subscribers only.
House Speaker Nancy Pelosi signaled that Democrats will seek to extend the federal debt ceiling during the lame-duck session of Congress, avoiding a potential fight with Republicans that she said could threaten the US’s credit rating.
Even with party control of the House undecided on Sunday after the Nov. 8 midterm elections, Pelosi cited Republican threats to use the debt-limit extension “to cut” Medicare and Social Security.