With congressional leaders headed to the White House next week, there’s little fiscal action happening on Capitol Hill
But instead of furiously hashing out potential compromises in the meantime, both Democrats and Republicans appear to be waiting for next week’s meeting to decide their next steps, and remain dug in on their respective positions. House Republicans largely see themselves as having already completed their task of passing a proposal, putting the onus on Biden and the Senate to lead negotiations.
The House is in a one-week recess, with members back in their home districts, and the Senate is scheduled to leave town in two weeks. Biden is departing later in May to attend the Group of Seven meeting in Japan. Altogether, the House, Senate and Biden are only scheduled to be in Washington for about 10 working days this month, further constraining the amount of time leaders have to hash out an agreement.
But many senators who joined in on those negotiating groups in the past say they are not interested in touching the debt ceiling standoff this time around. Van Hollen said he is “much more worried” about a potential default now than he was in 2011, when he was involved in bipartisan deficit-reduction negotiations in Congress.
But the maneuver has rarely worked in the past, and would need Republican support. In the Senate, Schumer has cleared the way for a clean debt ceiling increase to make its way to a floor vote, but the chance of that happening is unlikely, given its low chances of passing either chamber at this time.“At the end, everybody’s got to come together or we’re screwed,” said Sen. Jon Tester .
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