Debt Ceiling Request News Today

George w. bushs debt ceiling request because they wanted to prevents him from passing what was then known as the bush tax cuts. so this is a natural time to have both parties negotiating. thats why the presidents position not to negotiation is indefensible. there is one thing both side agree on. default would be devastating. so lets take it off the table. the president gets enough revenue into the federal treasury to pay our interest payment. which is why you had republicans after the 2011 debt ...

He says he needs. require him to list spending cuts he would make in the same amount as the debt ceiling request hes making of us. >> reporter: so, dylan, if you didnt quite get all that youre not alone, because it sent a lot of folks on capitol hill on both sides of the aisle scrambling. heres what it is. mitch mcconnell is proposing a solution that would happen if both sides are not able to come to agreement, allows president obama the authority to raise the debt limit on his own. do that in t...