Schumer-McConnell Debt Talks Drag as CBO Adds to Cash Warnings

Nov. 30, 2021, 9:04 PM

Senate Majority Leader Chuck Schumer and GOP leader Mitch McConnell said Tuesday they are still working on a solution for raising the federal debt ceiling, as the Congressional Budget Office delivered another warning that the government risks running out of money in December.

“What we need to do is come up with an agreement that doesn’t risk the full faith and credit of the United States,” Schumer told reporters. “It’s never been risked before, in a way that both parties can support. And that’s we’re trying to achieve.”

McConnell said, “The government will not default,” and added that the two ...

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