McConnell vows to block another debt ceiling hike after Schumer’s ‘bizarre spectacle’

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Senate Republican leader Mitch McConnell has warned that Republicans will not cooperate to raise the debt limit again, in an open letter highly critical of Majority Leader Chuck Schumer, who has slammed the GOP’s actions in days and weeks. Vote.

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On Thursday, Mr McConnell voted with Democrats to allow a temporary extension of the debt limit until early December. Previously, he and the Republican caucuses strongly opposed working with Democrats to raise the debt limit. If the debt limit is not raised, the US will default on its loans for the first time in history, creating chaos in the global economy and ruining the credit rating of the United States.

In a letter to Mr Biden on Friday, McConnell said: “I write to inform you that I will not provide such assistance again if your all-democratic government runs into another avoidable crisis.”

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He blamed Democrats for the crisis and particularly sharply criticized Mr Schumer.

“Senator Schumer marched the nation to the door of disaster,” he said. “Shamefully, it got to the point where senators on both sides were pleading for leadership to fill the void and protect our citizens. I stepped up.”

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The Senate voted 50-48 in favor of the extension on Thursday after 11 Republicans, including Mr McConnell, broke ranks to help Democrats recover from a filibuster and move forward a debt ceiling deal.

Earlier in the week, Treasury Secretary Janet Yellen warned of “disastrous economic consequences” if the debt limit was not raised and the US defaulted for the first time in history.

After the vote, Mr Schumer gave a floor speech late on Thursday, which was criticized for being overly partisan on both sides of the aisle.

The New York Democrat said: “Republicans played a dangerous and risky partisan game, and I’m glad their brixmanship didn’t work. For the good of America’s families, for the good of our economy, Republicans have to accept this in the future.” that they should approach for fixing the loan limit in a bipartisan manner.

In his letter, Mr McConnell called Mr Schumer’s speech “a bizarre farce”, despite the fact that Mr McConnell himself is no stranger to fiery rhetoric.

“Senator Schumer exploded in a rant that was so partisan, angry and corrosive that even Democratic senators were embarrassed by and for him,” McConnell wrote.

The issue has been raging for months, with Republicans arguing that Democrats should address the debt ceiling through budget reconciliation, and Democrats saying it is a shared bipartisan responsibility and that the reconciliation process is too long and risky. Is.

While this credit limit extension avoids immediate economic distress, it does not resolve the underlying dispute.

The House is expected to convene on Tuesday to approve the extension.

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Credit: www.independent.co.uk /

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