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Samrob

(4,298 posts) Thu Jan 5, 2023, 10:47 AM Jan 2023

Did we or did we (Dem House/Senate)not have the power and time to take care of raising the debt limi

or funding the government before January 3rd? If we did, why didn't we?

3 replies

= new reply since forum marked as read

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Did we or did we (Dem House/Senate)not have the power and time to take care of raising the debt limi (Original Post) Samrob Jan 2023 OP

Manchin said "no". FoxNewsSucks Jan 2023 #1

I was raised until this fall. gab13by13 Jan 2023 #2

Nope. That was a continuing resolution for the budget, not the debt ceiling Fiendish Thingy Jan 2023 #3

FoxNewsSucks

(11,704 posts)

1. Manchin said "no".

Reply to Samrob (Original post)

Thu Jan 5, 2023, 10:52 AM

Jan 2023

gab13by13

(32,335 posts)

2. I was raised until this fall.

Reply to Samrob (Original post)

Thu Jan 5, 2023, 11:00 AM

Jan 2023

Fiendish Thingy

(23,240 posts)

3. Nope. That was a continuing resolution for the budget, not the debt ceiling

Reply to gab13by13 (Reply #2)

Thu Jan 5, 2023, 12:46 PM

Jan 2023

Two separate things.

The debt ceiling will expire around July 2023, but congress must act earlier because of the time it takes for legislative and government processes to be enacted (IIRC, the absolute minimum lead time required is something like 2-4 weeks before the Treasury’s identified deadline).

Markets will likely get jittery in late spring if congress hasn’t acted yet.

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