Senate Democrats likely to introduce debt limit bill

WASHINGTON Tue Oct 8, 2013 10:17am EDT

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WASHINGTON (Reuters) - Senate Democrats are likely to introduce a bill this week to raise government borrowing authority by enough to last through 2014, a Senate Democratic aide said on Tuesday.

While the initiative must still be discussed among Senate Democrats at a lunchtime meeting, the aide said the likely measure would not contain any deficit reductions that Republicans have been insisting upon.

The aide also said Democrats are hopeful they can get the support of the six Republicans needed for 60 total votes to overcome procedural hurdles in the 100-member Senate.

(Reporting by Richard Cowan; Editing by David Brunnstrom)

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Comments (8)
LoveJoyOne wrote:
This is it folks.

10 days until the Treasury may start defaulting and we don’t even have a single bill to vote on or reconcile between the two chambers.

This time we’re going to find out what happens when the debt ceiling is exceeded.

The Tea Party will have gotten their way.

Hold onto your hats. We’re in for a wild, wild ride.

Oct 08, 2013 10:36am EDT  --  Report as abuse
actnow wrote:
Now if the Senate Democrats could pass an actual budget that would help control our massive deficit spending instead of relying on CR’s to avoid dealing with their additiction to tax payers money. Not a fan of the Republicans but if we don’t get serious about our deficit addiction our nation will become a third world, high unemployement, welfare state. Time to deal with the problem….spending.

Oct 08, 2013 10:56am EDT  --  Report as abuse
Des3Maisons wrote:
If the Republicans force the country into default it will be a blatant violation of the 14th Amendment to the Constitution, which states that the validity of the public debt of the United States, authorized by law, is sacrosanct and shall not be questioned.

Congress passed the 14th Amendment and sent it to the states for ratification in June 1866. Two years later, the Republicans proclaimed in their 1868 party platform that “national honor requires the payment of the public indebtedness in the utmost good faith to all creditors at home and abroad” and pronouncing any repudiation of the debt “a national crime”.

If the Republicans force the country into default the Constitution provides for a 2-step solution. First, the president can point out that the House Republicans have violated the Constitution and, second, he could use his emergency powers to end it.

Isn’t it funny how the news media has only been interested in the hype surrounding this story and has failed to inform the American public on something as important as the constitutionality surrounding a debt default?

Oct 08, 2013 11:07am EDT  --  Report as abuse
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