We’re about a week out from the deadline for increasing the debt ceiling, so lawmakers must act fast to avoid potential any potential disasters. There are reports that some kind of deal could be in the offing. House Republicans are reportedly considering a short-term debt ceiling increase, which would give the country another four or six weeks or so. Such an increase would also mean they still have some leverage in negotiations with President Obama and congressional Democrats.
The House Republican debt-ceiling plan is notable for its lack of provisions concerning Obamacare, but the President can’t claim victory on that front yet.
While the House Republicans have their plan, the Senate Republicans have another. In addition to raising the debt ceiling, their plan would fund the government for the rest of this new fiscal year, plus repeal the Obamacare tax on medical devices.
As elected officials work to reopen the government and raise the debt ceiling, they should remember that doing so only treats the symptoms and not the disease.