V @StevenBeschloss:
"If you don’t assume the Republicans’ refusal to pass the debt ceiling and risk crashing the economy is not part of the same effort to keep the criminal loser in office and reject the peaceful transfer of power, then you’re not paying attention."
AP:" What it would mean for global economy if US defaults on debt" https://apnews.com/article/debt-limit-congress-world-economy-recession-biden-52df635e9b89f4b1677176fc8d59eff0
Presumed Republican presidential nominee: "Default." And McCarthy wants to keep his job.
https://www.vanityfair.com/news/2023/05/donald-trump-cnn-town-hall-debt-ceiling-default
https://elk.zone/mastodon.social/@StevenBeschloss/110407292368732310
@StevenBeschloss "Political observers note that it takes just one GOP member to call a motion to vacate the chair and force a vote on ousting the Speaker."
https://thehill.com/homenews/house/4013049-mccarthys-pr-strategy-on-debt-ceiling-gets-results/
@StevenBeschloss
"... we keep chipping away at the impenetrable armor of the dollar."
https://www.semafor.com/article/05/23/2023/blackrock-executive-on-the-perils-of-a-us-debt-default
#DebtCeiling #economy
#DebtCeiling News: "Just before midnight on Monday... the House Appropriations Committee canceled its Tuesday and Wednesday meetings when voting was scheduled on the first of the dozen bills that annually fund the federal government’s operations. Those bills have to fill in the gory details of the spending cuts that Republicans left unidentified when they passed McCarthy’s debt limit bill last month.
...
[But t]hey didn’t have the votes to pass their own bills..." https://www.latimes.com/opinion/story/2023-05-25/debt-ceiling-appropriations-spending-cuts-kevin-mccarthy-joe-biden
There's little sense taking the time to go through the legislative process on these bills when so much will depend on how the debt ceiling conflict plays out.
The one will impact the other.
So it seems reasonable not to spend days working on legislation that would be outdated before the voting even gets to the LOC.
@volkris
In the article/oped (not paywalled) it becomes clear that there was no intent to go through any legislative process, even though it is required (if the goal is ultimately to pass legislation). The whole thing was a charade, to begin with.