McConnell Warns Yellen GOP Won’t Help Raise Debt Ceiling – By Michael Rainey (The Fiscal Times) / Sept 16 2021
Facing a potential default on U.S. debt payments in a matter of weeks, Treasury Secretary Janet Yellen called Senate Majority Leader Mitch McConnell on Wednesday to ask for his bipartisan cooperation in passing an increase or suspension of the debt ceiling. But the Kentucky Republican rejected her request, according to reports Thursday, and stuck to his position that the GOP will not help Democrats address the debt limit.
“This is a unified Democrat government, engaging in a partisan reckless tax and spending spree,” a McConnell spokesman said late Wednesday after the call. “They will have to raise the debt ceiling on their own and they have the tools to do it.”
In an interview with Punchbowl News published Thursday, McConnell explained why he is refusing to support any effort to raise or suspend the debt limit: “Let me make it perfectly clear. The country must never default. The debt ceiling will need to be raised. But who does that depends on who the American people elect,” McConnell said. “So the only issue is, whose responsibility is it to do it? A Democratic president, a Democratic House, a Democratic Senate. … It’s their obligation. They should step up. It’s hard being in the majority. They are the ones who will raise the debt limit.”
McConnell tipped his hat to earlier bipartisan efforts – “I have voted a number of times to raise the debt ceiling in divided government,” he said – but insisted that Democratic control absolves the Republican Party of any responsibility to help avoid what could be a global financial calamity, should the U.S. default.
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