— Adam Sexton (@AdamSextonWMUR) July 15, 2019
More immediately important:
Pelosi says the House of Representatives would not raise the debt ceiling unless it is part of a broader budget deal https://t.co/9E8dOsZM5q
— Catherine Rampell (@crampell) July 16, 2019
House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin spoke late Monday as they tried to broker a debt ceiling and budget deal with just days left before Congress plans to leave for the rest of the summer.
The talks took on new urgency after Pelosi shot down a White House fallback plan that would have Congress raise the debt ceiling — potentially for just a short period of time — by late next week if they failed to reach a budget agreement.
Pelosi, the California Democrat, said the idea of raising the debt ceiling on its own and not in conjunction with a budget agreement was not “acceptable to our caucus” and therefore did not stand a chance of passage in the House of Representatives…
Pelosi has also said she is hopeful that she can reach a deal with the White House, but on Monday she made clear that the White House would not dictate the fallback plan if the talks falter. Pelosi wants the White House to agree to a specific budget deal that would dictate spending levels for the next two years.
Asked what would happen if the White House and Congress did not reach a budget and debt ceiling deal by the end of next week, Pelosi said late Monday “I’m not going into the theoretical. I’m into the actual.”…
Lawmakers must craft a new budget deal by the end of September, because that’s when funding for many agencies is set to expire. If lawmakers don’t fund the agencies after Sept. 30, there will be another government shutdown. Mnuchin said on Monday that the White House does not want to see another shutdown, but he said they didn’t have enough time to wait until late September to deal with the debt ceiling and budget talks, as the debt ceiling deadline could be much sooner…
Steven Mnuchin's ask is that Pelosi should move a short-term, debt-limit-only hike with no deal on spending yet. She's supposed to ask her members to take that unpopular vote now, after what the president's been saying?
— Josh Barro (@jbarro) July 16, 2019