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

George w. bush's 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. that's why the president's position not to negotiation is indefensible. there is one thing both side agree on. default would be devastating. so let's 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 ceiling showdown. the president paid that payment and allows the executive branch to pay other p...

He says he needs. require him to list spending cuts he would make in the same amount as the debt ceiling request he's making of us. >> reporter: so, dylan, if you didn't quite get all that you're not alone, because it sent a lot of folks on capitol hill on both sides of the aisle scrambling. here's 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 three different installments and this would make democrats have to take politically difficult vot...