"That's just a bunch of gimmicks," he said. Josh Hawley, R-Mo., told NBC News "absolutely not." When asking if he would support a short-term debt limit increase, Sen. "If everybody starts thinking we can get an extension, then the crisis won't happen until the end of that extension," Sen. The bipartisan Problem Solvers Caucus proposed a framework at the end of April that would suspend the debt ceiling until the end of the year and create a commission to review the best ways to stabilize long-term deficits and debt.īut similar to a short-term, 30-day extension, Republicans are hesitant to delay coming to a resolution. More: House Speaker Kevin McCarthy to meet with President Joe Biden on debt limit: 'The clock is ticking' Problem Solvers Caucus proposes extension "That's not negotiation in good faith, that's kicking the can further down the road and hoping that the political winds change a little bit," he said. Vance, R-Ohio, called the 30-day clean debt ceiling increase a "terrible idea," blaming Biden for his unwillingness to negotiate until this point. "We don't have to wait for extended negotiation," he said. Ron Johnson of Wisconsin said the GOP debt limit plan should be passed immediately. "Because doing that would be disregarding our constituents at home who are hurting, who are facing the consequences of this uncontrolled spending." "That is a solution the White House has fever dreams of but it's not going to pass Congress, nor should it," he said of a short-term extension. Vance: Extension is 'kicking the can further down the road'Ĭruz said he believes there can be a resolution between both parties, but said it requires a compromise and blamed "the radical Democrats" for not coming to the negotiating table. Smart analysis delivered to your in Sign up for the OnPolitics newsletter Sen. Ted Cruz, R-Texas., said during a Republican-led press conference on the debt limit Wednesday. "I can tell you a short-term extension and clean debt ceiling is not going to pass Congress," Sen. Republicans on Wednesday afternoon stood behind the GOP-led House bill that passed April 26, saying a short-term extension would only delay future negotiations. House Republicans insist they won't raise the borrowing limit unless Democrats agree to spending cuts. House Speaker Kevin McCarthy's proposal would curtail spending growth and impose policy changes that include eliminating Biden's student loan forgiveness plan and adding new work requirements for some people who receive food assistance and health coverage. The Biden administration and the GOP-controlled House have been in a standoff over the impending deadline. Treasury Secretary Janet Yellen warned Monday the federal government may default and reach its borrowing limit as soon as June 1. WASHINGTON − Lawmakers are turning their backs on passing a short-term debt limit increase that would delay a default on the nation’s debt as President Joe Biden and House Republicans remain gridlocked in negotiations over a debt ceiling bill.
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