Debt ceiling deal delayed as parties clash over reform and spending cuts.

1 min read
Source: The Hill
Debt ceiling deal delayed as parties clash over reform and spending cuts.
Photo: The Hill
TL;DR Summary

Sen. Mike Lee (R-Utah) has threatened to use "every procedural tool" to slow down Senate passage of a bill to raise the debt ceiling if it doesn't include "substantial" reforms. Lee could drag out the floor proceedings on a bill for days, something that negotiators could now have to factor into their timeline as they scramble to reach a deal before the nation defaults. The eventual deal will likely fall short of the major reforms included in the Limit, Save, Grow Act, which the House passed last month.

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