Debt-ceiling talks between White House, Senate break up with no progress

[brooklynite]

Source: Washington Post

Talks between the White House and the Senate’s top Republican and Democrat broke up Tuesday with no progress on raising the country’s debt ceiling, an impasse that threatens a financial crisis if left unresolved.

The Senate and House have 12 joint working days before Sept. 29, when the Treasury Department says it would no longer be able to pay all of the government’s bills unless Congress acts. A default would likely set off a major disruption to the world financial system, with a stock market crash and surging interest rates that could send the economy into a recession.

Treasury Secretary Steven Mnuchin has urged Congress for months to raise the debt limit, but the White House has lacked a unified message and run into resistance on Capitol Hill, where Democrats and Republicans are at odds on key tax and spending issues.

Mnuchin met Tuesday morning with Senate Majority Leader Mitch McConnell (R-Ky.) and Senate Minority Leader Charles E. Schumer (D-N.Y.), searching for ways to raise the debt ceiling, but the gathering ended without any progress — or even a clear sense of what the lawmakers need to deliver votes to raise the limit, according to three people briefed on the meeting who insisted on anonymity to speak candidly about the private discussions.

Read more: https://www.washingtonpost.com/news/wonk/wp/2017/08/01/debt-ceiling-talks-between-white-house-senate-break-up-with-no-progress/

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tick, tick, tick...

[DonCoquixote]

1. Of course not

This is a fight for dominance within the GOP, so of course they will need to prove they are the big macho boys that can wreck government before the other GOP can. Meanwhile the Kochs laugh and figure out how to get rid of both Mitch and trump.

[Matthew28]

2. The goal of the GOP

Isn't to maintain America as a leader or even as a first world country. Quite simply it is to enrich the riches of our society and the exact opposite of the goal the past 100 years have been,.


The Gop wants to reduce America into a third world country.

[Bernardo de La Paz]

3. Republicons are failures at governing. . . . . nt

[procon]

4. Talk about incompetence!

If a Republican President, Senate and House can't pass a debt ceiling bill, they should all be stuffed back into the clown car and be laughed out of town. Can you see the Headlines -- "Republicans shut down Government run by Republicans!" And then, of course, they do the obligatory rounds of blaming Democrats and calling for Hillary to be investigated.

[Proud Liberal Dem]

6. +1000

So depressingly true.

[Doug the Dem]

5. Couldn't get Their Shit together. Again.

The heart bleeds!

[cstanleytech]

7. Make a bet Donald wants the Russian sanctions dropped or reduced as part of

a deal to raise the debt limit.
Any takers?

[TeamPooka]

8. President Deadbeat thinks he can get away with not paying bills. He has all his life.

he doesn't care about our credit and good faith in the marketplace that is America's strength worldwide.