Democrats flip the script, eyeing debt limit to block Trump's agenda
Source: Washington Post
Today at 6:00 a.m. EST
DORAL, Florida Democrats in Congress are considering forcing a showdown over the debt limit to rein in President Donald Trumps vast plans to reshape the U.S. economy and remake the federal government.
For 30 years, Republicans have used the threat of a national default to make Democrats negotiate over GOP demands. But as America hurtles once again toward a potential debt crisis, Democrats see an opportunity to turn the tables to cut off Trumps agenda and take the debt limit off the table in future legislative battles.
Last week, the national debt hit the legal limit of $31.4 trillion. (The debt limit does not directly cut spending, but it bars the country from borrowing more money to pay for spending Congress has already approved.) Unless Congress acts to lift or suspend the cap, Trumps Treasury Department will be forced to stop borrowing sometime this spring. That could trigger a calamitous default, probably tanking the U.S. economy and causing a global crisis.
Republicans control both chambers of Congress as well as the White House and could lift the debt limit on their own. But internal divisions over spending block that path. As the House GOP huddles this week at Trumps golf resort in Doral to try to resolve their differences, Republican leaders recognize they are likely to need Democratic votes to raise the debt limit and Democrats know it. Its inevitable that theyre going to need us, Rep. Richard E. Neal (D-Massachusetts) told The Washington Post.
Read more: https://www.washingtonpost.com/business/2025/01/27/trump-debt-ceiling-democrats/
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GreenWave
(9,858 posts)Marthe48
(19,824 posts)And Americans are the eternal target. Although, if Dems can actually change the course of this disaster, go for it.
SupportSanity
(1,239 posts)It would be great if it was the old classic game, but it's their new game.
rampartd
(1,307 posts)trump does not care what the money is appropriated for, he will spend it as he pleases.
that is the "impoundment " business that he is so hot for.
GB_RN
(3,281 posts)A default, which is what would happen, would cause interest rates to spike (investors & other countries to lose faith in us paying our bills, demanding higher reward for higher risk). We would slide (or crash) into a massive recession and possibly trigger a worldwide recession.
The governments credit rating could take a hit, just from playing this stupid game.
The debt limit has to go away so this chicken shit every few years will go away.
Crash the country, the Republi-cons own it, then show their leadership is a disaster
GB_RN
(3,281 posts)They got the blame for it. You dont think the Democrats would be blamed for killing the economy?
Miguelito Loveless
(4,776 posts)Anyone talking about "working with the president" should be cashiered.
Omnipresent
(6,603 posts)They allowed the conditions to let trump get back into the Whitehouse.
Silent Type
(7,880 posts)HereForTheParty
(521 posts)And Democrats should be able to leverage it some.