Debt Ceiling Lapse News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To come forward to a final vote, to suspend the national debt ceiling for two years. republicans say they will not do that. they say instead democrats should use a different process called the budget reconciliation, the process in which they could actually avoid a senate filibuster, meaning they could improve an increase to the national debt ceiling on a straight party line vote but that process is cumbersome. takes a couple weeks. it could also open up democrats to a lot of politically charged amendment votes on the senate floor, which they are eager to avoid. nevertheless, there are key voic...

They're concerned also it would not get done in time to avoid a default. moments ago when i talked to joe manchin he made clear democratic leadership reconsider that and go down that budget reconciliation route even though they have rejected it. >> schumer has ruled out using reconciliation to -- >> we can't rule anything. we can't let the debt ceiling lapse. >> does that mean you're open to killing the filibuster to -- >> basically we have other tools we can use. and if we have to use them, we should use them. >> that last point critical. joe manchin is also rejecting calls to gut the senate'...

Stock market is good. and to just gamble that all away for attaching what is really a partisan, poison pill to de-fund the bill, which as you pointed out is starting to help people. the exchanges are going out. and we actually had two republican economists that testified today who talked about how you can't let that debt ceiling lapse. you can't just shut down the government. the consequences are enormous. 57 million american's social security could be at risk. and veteran's benefits could be at risk. look at what happened in 2011, when they went to the end of the debt ceiling, the dow plummet...

For attaching what is really a partisan, poison pill to de-fund the bill, which as you pointed out is starting to help people. the exchanges are going out. and we actually had two republican economists that testified today who talked about how you can't let that debt ceiling lapse. you can't just shut down the government. the consequences are enormous. 57 million american's social security could be at risk. and veteran's benefits could be at risk. look at what happened in 2011, when they went to the end of the debt ceiling, the dow plummeted 20 points, they had to pay about a billion extra in ...

That's what we're seeing with the debt ceiling. this will be a big test. if president obama follows through on what he says he's going to do, we're not going to negotiate on debt ceiling. you guys, if you want to come in the room and say we'll only raise the debt court of appealing if you cut this, this and. this we should say leave the room. if you want to let the debt ceiling lapse, that's on your back. i don't believe the republican party would, even though these 50 or 75 would. but if we don't negotiate with them and isolate them, then -- then we can achieve something. and force in a certa...