August 05, 2021: Schumer double dares McConnell on the debt ceiling
The Playbook Podcast
POLITICO
3.9 • 699 Ratings
🗓️ 5 August 2021
⏱️ 8 minutes
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| 0:00.0 | Presented by Facebook. |
| 0:02.5 | Hey, good morning, Playbookers. |
| 0:04.4 | It's Thursday, August 5th. |
| 0:06.2 | I'm Ruggumana Vallin. |
| 0:07.7 | And this is your Politico Playbook Daily Briefing. |
| 0:14.8 | Chuck Schumer is about to double-dog dare Mitch McConnell and his members to vote against a dead ceiling increase this |
| 0:21.3 | haul. Double Dog Dair, by the way, I believe is an arcane Senate tactic. The original |
| 0:26.4 | filibuster, some call it. Anyway, just weeks after the minority leader implored Schumer |
| 0:31.6 | to tack a dead ceiling increase onto the reconciliation bill, Schumer instead is maneuvering to make |
| 0:37.3 | Republicans squirm. |
| 0:39.1 | Here's the tentative plan. Tacked the dead ceiling hike to a short-term funding bill |
| 0:43.3 | designed to avert a government shutdown at the end of September. That move would require |
| 0:48.3 | GOP support. The Democratic leader is in short, betting the GOP will cave rather than risk the blame for destabilizing |
| 0:55.6 | the economy. The strategy scooped Wednesday by our in-house budget gurus, Caitlin Emma, and |
| 1:00.5 | Jennifer Schultz, sets up a hugely consequential game of chicken between the two leaders. |
| 1:06.5 | There's not a lot of time here. Lawmakers will only have a few days to plot a path forward |
| 1:10.9 | when they return from their summer recess in mid-September. Without an agreement, the government |
| 1:15.7 | will shut down on October 1st, and the Treasury could run out of money a few days later. |
| 1:20.6 | The situation reminds us of 2011 when Barack Obama was in office, when Republicans demanded |
| 1:25.6 | spending cuts in return for raising the borrowing cap. |
| 1:28.5 | You might remember the brinksmanship led standards and pores to downgrade the nation's credit |
| 1:32.7 | for the first time ever. |
... |
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