Republicans argue the president should have come to the table sooner. Democrats say it's a clean debt limit hike or bust. Both sides say they won't approve a temporary hike.
Democrats, meanwhile, aren’t willing to negotiate on the debt — and several more months bought by a temporary extension could mean they’re conceding to do just that. Senate Majority Leaderroundly rejected the idea of a temporary debt hike this week, saying Congress should pursue a two-year extension through the 2024 election.
“I could be supportive of that, but the question is, whether House Republicans would be supportive of that,” said Sen., when asked whether he would back a short-term lift of the debt ceiling if it meant serious negotiations with Democrats on government funding in the coming months. Adding to the complications of a temporary hike: it would likely coincide with government funding talks slated to happen over the summer, with a shutdown deadline on Sept. 30.
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