meta_pixel
Tapesearch Logo
Log in
The Playbook Podcast

August 05, 2021: Schumer double dares McConnell on the debt ceiling

The Playbook Podcast

POLITICO

News, Daily News, Politics, Government

3.9699 Ratings

🗓️ 5 August 2021

⏱️ 8 minutes

🧾️ Download transcript

Summary

Chuck Schumer is about to double-dog dare Mitch McConnell and his members to vote against a debt ceiling increase this fall. Just weeks after the minority leader implored his counterpart to tack a debt ceiling increase on to their party’s massive reconciliation bill — lifting the $28 trillion borrowing cap without any GOP votes — Schumer instead is maneuvering to make Republicans squirm. The tentative plan: Tack the debt-ceiling hike on to a short-term funding bill designed to avert a government shutdown at the end of September, a move that would require GOP support. The Democratic leader is, in short, betting the GOP will cave rather than risk the blame for destabilizing an already shaky economy.  And during the 2020 primary season, we had countless conversations with Biden campaign officials who warned that it was crucial to separate the social media conversation about Democratic politics from the conversations happening offline in early states.  It became a cliche to say that Biden’s unofficial campaign slogan was “Twitter isn’t real life.” While Biden and Bernie haven’t been very far apart on policy, old electoral divisions have repeatedly resurfaced in campaigns this year, and we’ve been having a familiar conversation with folks in Biden world recently. Raghu Manavalan is the host of POLITICO's Playbook.Jenny Ament is the senior producer for POLITICO Audio. Irene Noguchi is the executive producer of POLITICO Audio.

Transcript

Click on a timestamp to play from that location

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.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from POLITICO, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of POLITICO and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.