Trump: GOP would be ‘foolish’ not to use debt ceiling in negotiations

Old President TrumpDonald TrumpUN meets with US, France canceled over timing issue Trump sues NYT, Mary Trump for story on tax history McConnell and Shelby propose government finance bill with no debt cap MORE relied on Republicans in Congress to use the debt ceiling in negotiations with Democrats on a bill to increase the borrowing limit and maintain government funding.

Trump’s statement, which called the debt ceiling “the GOP’s only powerful tool,” is the latest example of Trump exerting influence over Republicans in Washington when he was not in power.

“The only powerful tool Republicans have to negotiate with is the debt ceiling, and they would be both foolish and unpatriotic not to use it now,” he said, referring to a bill. Democrat who ties government funding and raises the debt ceiling.

“The way I see it, what the Democrats are proposing, on so many different levels, will destroy our country. Therefore, Republicans have no choice but to do what they have to do, and Democrats will have no choice but to concede all the horrors they attempt to inflict in the future. the United States. ”

The statement comes as Republicans in Congress, led by the Senate Minority Leader Mitch mcconnellAddison (Mitch) Mitchell McConnell McConnell and Shelby propose government finance bill with no debt cap Franken targets senators on both sides in new comedy tour Woodward: Milley “was putting reasonable precautions” with calls in China MORE (R-Ky.) Opposes the Democratic bill, saying Democrats should pass a debt ceiling increase in their $ 3.5 trillion budget reconciliation bill that can avoid obstruction.

Democrats, however, note that previous debt ceiling votes have been bipartisan and have helped raise it three times under Trump without any provision to reduce the national debt. This increase in the debt ceiling would also serve to cover the debt accumulated under the previous administration.

The current Democratic bill, which passed in the House on Tuesday, is expected to garner 60 votes in the Senate, meaning Republicans are expected to vote for the legislation in the House 50-50.

The high stakes have increased the chances of a government shutdown and default on the country’s debts, both of which could trigger significant economic downturns.

The debt ceiling was reinstated on August 1 after the expiration of a suspension included in a 2019 budget deal. The Treasury Department has used “extraordinary measures” to allow the United States to pay its debts since then, but they won’t be able to do it from October, the Treasury secretary said. Janet YellenJanet Louise Yellen McConnell and Shelby propose government funding bill with no debt cap. warned earlier this month.

Government funding also runs out at the end of September.