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File: 1781985637792941.jpg (469 KB, 2400x1600)
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https://www.politico.com/live-updates/2026/07/29/congress/debt-limit-reconciliation-01015197

Republicans raised the debt limit by $5 trillion last year. Now they are already thinking about how to head off another dive over the fiscal cliff on President Donald Trump’s watch.

Independent forecasters predict the U.S. will reach the “X-date” — the ultimate deadline for preventing a U.S. debt default — sometime between next summer and early 2028, just as presidential primaries start kicking into gear.

To head off high-stakes negotiations with Democrats, White House officials have privately floated raising the nation’s $41.1 trillion borrowing limit in the party-line spending package many Republicans want to enact before the November midterm elections, according to two people granted anonymity to disclose private conversations.

The move could save Trump much angst if Republicans lose control of either chamber in the upcoming election, since any Democratic majority would demand concessions in a bipartisan negotiation to prevent an unprecedented default on the national debt, which currently sits at nearly $39.7 trillion.
>>
“$40 trillion in debt, seems to me, should get our attention,” Senate Majority Leader John Thune told reporters Wednesday morning, noting that reducing the deficit used to be a “primary reason” Republicans used the reconciliation process to skirt the Senate filibuster. “But we seem to be a little distracted by other issues at the moment.”

Thune said this week that the debt ceiling is “something that a lot of people are looking to address,” noting that Republicans could increase the borrowing limit between the lame-duck session after the November election but before the new Congress is seated.

“There’s always a possibility, obviously, post-November to do something,” Thune said, adding that Republicans could “conceivably” pass another party-line package at that time.

The federal government is set to reach the borrowing limit Congress set in last year’s GOP megabill sometime in the first half of next year. But the Treasury Department would be able to employ special accounting maneuvers that would let the federal government keep paying its obligations for at least a few more months.
>>
>>1526531
Please. Please more. I want this country to remember they elected Republicans to control all three branches, in part to prevent this exact thing, and this is the end result.

Let us have an example to stop these retards from ever getting power again, at least for a decade or two.
>>
>>1526534
When the Left is in control it’s no better…
>>
>>1526575
Left never got us into a retarded war that's threatening to empty our entire oil reserve buffer while simultaneously asking for a record military budget to keep said retarded war going.
>>
>>1526584
ya the left invited them into the country to commit subterfurge and gaslit people into pretending it never happened.
you literally surrendered to terrorism.
>>
>>1526584
they did, they elected a black man and ruined america
libs deserve everything they get just for that
they don't even let billionaires rape kids either, thats another execution for all leftists
>>
>>1526531
Trumps policies won’t take effect and bring down the debt until 2028. This is obviously Biden’s economy
>>
>>1526575
>>1526600
>>1526601
This coming from the party, (Republicans), who elected an agent of Russia (Trump) and has openly conspired with them on top of defending Putin for helping to kill and arm US troops over Iran.
>>
>>1526584
That was Biden with the Ukraine vs Russia thing that Victoria Nuland started.
>>
>>1526534
Conservatives don't have the IQ for learning lessons, it's why none of them go to college.



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