They may call it a mini raise or a mini deal, but facts are facts. Even a dime increase is a raise in the debt ceiling and the Republicans appear closer to raising the debt ceiling far more than just a dime.
Republicans would accept a “mini” deal with the Obama administration on raising the debt limit, Senator John Cornyn of Texas, a Republican leader, said.
Cornyn said today on “Fox News Sunday” that while Republicans would prefer a long-term settlement, they would accept a shorter-term agreement if that’s all they could get done. The U.S. Treasury Department has projected that on Aug. 2 the U.S. will no longer be able to meet obligations if the legal debt ceiling isn’t raised.
For the past few days, this mini-deal is rumored to raise the debt ceiling to over $15 trillion, enough to operate for six months.
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