Congress To Raise the Debt Ceiling Eventually

Congress To Raise the Debt Ceiling Eventually

Thursday, US Senate Majority Leader McConnell (R-KY) said that Congress will raise the nation’s debt ceiling, as the United States will never be allowed to default on its debts, adding that reaching a deal between President Trump and House Speaker Nancy Pelosi (D-CA) would be the best option to prevent chaos and the potential of shutdowns.

The deal, under discussions between speaker Pelosi and Treasury Secretary Steven Mnuchin, representing President Trump in the talks, would hopefully be one that “we can all lock arms and support, because it will give us a chance to run the government in an orderly fashion for the next year and a half,” Senator McConnell told reporters on TV.

Senator McConnell said the spending agreement should not send defense in the wrong direction, because Paul Trump has worked hard to improve it so its in “better shape than it’s been in a decade.”

We will probably end up having to spend more on the domestic side than we would like to, but that is compromise,” said Senator McConnell. “That is what happens in a divided government when you don’t control the whole government. The best option actually really is for the president and for the speaker to reach an agreement here that we can vote for, and end the uncertainty for the next year and a half.”

Meanwhile, Senator McConnell said spending is higher than he would like, but he also does not get to ignore the House.

Of the options that we have available, standing up for national security … that is what House and Senate Republicans and the administration are committed to doing. We don’t control the whole government, therefore we will have to allow more spending on the domestic side in order to get a bill through the House.”

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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