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As the U.S. Hurtles Toward a Debt Crisis, What Does McConnell Want?

As the U.S. Hurtles Toward a Debt Crisis, What Does McConnell Want?

The New York Times
Tuesday, October 05, 2021 05:01:51 PM UTC

Senator Mitch McConnell, the Republican leader, has a long record of tying debt ceiling increases to policy demands. But with a catastrophic default two weeks away, he has yet to make any.

WASHINGTON — In March 2006, as the government veered dangerously close to a default, Senator Mitch McConnell of Kentucky, the No. 2 Republican, let the Bush White House know he was two votes short of what he needed to raise the legal limit on federal borrowing.

Andrew H. Card Jr., then the White House chief of staff, began working the phones. He soon found two Democrats willing to break ranks and vote to put the legislation over the top. But Mr. McConnell was holding out for something else entirely, hoping to extract concessions from President George W. Bush as the price for uniting Republicans around lifting the limit.

“I don’t need your damned votes,” he snapped at Mr. Card. He lifted the debt ceiling with Republicans only.

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