Republicans Prepare to Extend the Debt Ceiling Thru 2029

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Washington Sun: “Senate Republicans are laying the groundwork to quickly extend the federal debt ceiling through the end of President Donald Trump’s term should they lose control of Congress this November, aiming to prevent Democrats from weaponizing the issue to extract concessions in divided government.”“The debt ceiling, which is set to be reached sometime around spring of 2027, has mostly been raised on a bipartisan basis, creating the opportunity for the minority party to extract concessions from the White House desperate to avoid an economic shock. But congressional Republicans raised the debt limit last year on a party-line vote, and are hoping to move to deprive Democrats of a potentially powerful bargaining chip next year.”