Page 21 - Debt Ceiling Issue News Today : Breaking News, Live Updates & Top Stories | Vimarsana

We don't have the luxury of waiting until october 18 to extend the debt ceiling. even a near miss can have dramatic consequences. every single day we delay taking action, we increase the chances of doing irreversible damage to our global financial system, our economic recovery and trust in our country's ability to pay its debts. >> you have been listening, of course, to senate majority leader chuck schumer speaking live on the senate floor about this debt ceiling issue. we expect to be hearing from his republican counterpart, minority leader mitch mcconnell, who we think will be delivering kin...

They'll fund our transformation. yes, yes! exactly! what are you waiting for? ♪ ♪ . senate majority leader mitch mcconnell speaking live on that debt ceiling issue. let's listen. >> they claim they would be perfectly happy to handle this

Not happen in a month, it might not happen in two months, but the white house says it's fine with them. these things take time. >> we don't have a time frame on it. this is about delivering and making sure we deliver both bills to the american people because it meets their needs so we're not using an artificial timeline and we're not concerned with process. we're concerned about delivery. >> let's discuss and bring in shannon pettypiece at the white house and jake sherman and anna pounder. it's clear the white house doesn't want to talk about deadline. how will he get everyone on the same page...

>> so jeff, give us the state of play here because president biden is trying to put republicans in a bind, but mitch mcconnell, the senate minority leader doesn't seem interested at all on budging on this deaf -- debt ceiling issue. >> agreed. i think what we've seen today, particularly what we've heard from the president is an increasing, an upping of the rhetoric from the white house. very deliberately placing blame on the republicans if the u.s. were to default and using strong language like disgraceful. he also directly tied what could happen and what is actually happening, you look at the...

Out him and the senate republicans on this debt ceiling issue. >> that's right, hallie, and what we hear from senator mitch mcconnell will echo what we heard in a letter earlier today where he again says he wants no part in lifting the debt limit. he's not going to provide any ability for the democrats to do it, saying the democrats can do it on their own if they would like. but what he leaves out of that letter is that what republicans are doing is they are essentially filibustering the lifting of the debt limit. the reason is because, of course, there is a 60-vote threshold in the senate, bu...