We are just days away from the United States reaching its debt ceiling on October 17 and the Democratic controlled Senate is moving forward with legislation to lift the ceiling with no compromises.
Senate Democrats on Monday quietly crafted no-strings-attached legislation to raise the nation’s debt limit as Senate Majority Leader Harry Reid and House Speaker John Boehner escalated their feud over the budget impasse.
The move by Democrats comes amid Republican insistence that any increase must include concessions on such fiscal matters as entitlement reform or other spending cuts.
The Senate proposal attempts to eliminate such fights until after the 2014 elections. Details of the proposal were described by officials who spoke on condition of anonymity, saying they were not authorized to discuss a measure that has yet to be made public.