Senate Majority Leader Harry Reid, D-Nev.

Senate Majority Leader Harry Reid, D-Nev. J. Scott Applewhite/AP

Senate Raises Debt Ceiling

Congress has voted to suspend the debt limit until March 2015. But this doesn't mean the fight is permanently over.

It took an act of God to get Congress to move quickly on the debt ceiling, but move quickly it did. The Senate passed legislation to suspend the debt ceiling Wednesday, 55-43, more than two weeks before the nation was set to default, and with little uproar, forecasting an end to the debt limit brinkmanship that has nearly crippled Washington annually since Speaker John Boehner, R-Ohio, took the gavel in 2011.

With snow threatening to pummel the Washington area Wednesday, Congress moved up its schedule, introducing debt ceiling legislation in the House on Tuesday morning and passing it within hours, with a majority of Democrats and 28 Republicans joining together.

The Wednesday Senate vote didn't come without drama. Texas Republican Sen. Ted Cruz objected to allowing the debt limit bill to pass with a simple majority, which would have spared any Republicans from having to vote for it. And the cloture vote to shut off debate was tense, lasting almost exactly an hour as Republicans tried to find the votes for passage.

There was a lot of wrangling on the Senate floor during the cloture vote. Sen. Lisa Murkowski, R-Alaska, and Sen. Bob Corker, R-Tenn., stayed by the Senate clerk's desk, looking tense. When Cruz walked in to cast his vote, Murkowski turned away from him and then walked away from the desk.

Republican leadership worked the floor as they searched for votes. Finally, several Republican leaders exited the cloakroom and changed their votes, as if it say "let's all hold hands and jump together." First, Senate Minority Leader Mitch McConnell, R-Ky., and Minority Whip John Cornyn, R-Texas, cast yes votes, with the latter having initially voted no.

Then, one by one, Republican John Barrasso (Wyo.)  John McCain (Ariz.), John Thune (S.D.), Orrin Hatch (Utah) and Jeff Flake (Ariz.) changed their votes to yes. The final vote on cloture was 67-31, with 12 Republicans joining Democrats to end debate.

Those votes to end debate could come back to haunt the GOP leaders, as both McConnell and Cornyn are facing primary challengers in their reelection campaigns this year. The Senate Conservatives Fund is already tweeting that "Kentucky deserves better." And it wouldn't have had to happen if not for Cruz.

"I think his memory doesn't seem to last longer than six months," Sen. Chuck Schumer, D-N.Y., said of Cruz's pushback, referring to the Republican's support of the government shutdown last October.

President Obama has indicated that he will sign the legislation, which will allow the nation to pay its bills through March 15, 2015.

The debt limit has been the defining characteristic of a gridlocked Washington, with the nation coming to the brink of a default several times, most recently saved by a last minute deal last October. But don't expect Congress to do much with more than a year without an impending deadline on its plate; the rest of 2014 is pretty much filler.

Though the vast majority of the House Republican conference opposed the measure, conservatives quickly gave up on using the Feb. 27 debt limit deadline as leverage to cut overall spending, acknowledging that the president was not willing to negotiate over the matter. President Obama and Senate Democrats have long said that they would accept only a clean debt ceiling lift.

Amid arguments among the House majority conference, many Republicans conceded that they would not be able to attach any conservative measures to the debt ceiling increase as long as Obama remains president and Democrats control the Senate.

"It's just a matter of keeping the funding going consistent with the omnibus until the November elections and hopefully we have more Republicans, we control the Senate and maybe we can start some of these reforms," Rep. John Fleming of Louisiana, a member of the conservative Republican Study Committee, admitted last week.

Sen. Pat Toomey, R-Pa., bemoaned the fact that his party wasn't willing to put up more of a fight for concessions from Democrats over spending, arguing that the GOP will have to stand its ground if it hopes to do better in the future. "Republicans will need to be willing to fight for it, if we're going to get that," he said.

A number of Republicans don't see the debt-limit-as-leverage tactic going away in the long-term, but in the short-term many are accepting the political reality. Republican Rep. Darrell Issa of California, who voted for the debt ceiling increase, said there is no mechanism for Republicans right now to bring down spending and deficits. "We don't have one under this president. This is a tax and spend president."

That's good news for the nation's credit rating, which was downgraded in 2011 during the tense negotiations of the debt limit increase. Democrats are encouraged by Republicans' move to pass a clean debt ceiling, particularly with room to spare before the deadline. "I hope [that this continues]," Sen. Claire McCaskill, D-Mo., said Wednesday. "I think John Boehner showed real leadership.

Sen. Patty Murray, D-Wash., was similarly optimistic. "I think we will go back to the responsible way of making sure that our country does not default," she said.

But that optimism is tempered by the knowledge that just because Democrats held the strongest hand this time around, it doesn't mean they will maintain it. What goes up, must come down.

X
This website uses cookies to enhance user experience and to analyze performance and traffic on our website. We also share information about your use of our site with our social media, advertising and analytics partners. Learn More / Do Not Sell My Personal Information
Accept Cookies
X
Cookie Preferences Cookie List

Do Not Sell My Personal Information

When you visit our website, we store cookies on your browser to collect information. The information collected might relate to you, your preferences or your device, and is mostly used to make the site work as you expect it to and to provide a more personalized web experience. However, you can choose not to allow certain types of cookies, which may impact your experience of the site and the services we are able to offer. Click on the different category headings to find out more and change our default settings according to your preference. You cannot opt-out of our First Party Strictly Necessary Cookies as they are deployed in order to ensure the proper functioning of our website (such as prompting the cookie banner and remembering your settings, to log into your account, to redirect you when you log out, etc.). For more information about the First and Third Party Cookies used please follow this link.

Allow All Cookies

Manage Consent Preferences

Strictly Necessary Cookies - Always Active

We do not allow you to opt-out of our certain cookies, as they are necessary to ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site performance. These cookies are not used in a way that constitutes a “sale” of your data under the CCPA. You can set your browser to block or alert you about these cookies, but some parts of the site will not work as intended if you do so. You can usually find these settings in the Options or Preferences menu of your browser. Visit www.allaboutcookies.org to learn more.

Sale of Personal Data, Targeting & Social Media Cookies

Under the California Consumer Privacy Act, you have the right to opt-out of the sale of your personal information to third parties. These cookies collect information for analytics and to personalize your experience with targeted ads. You may exercise your right to opt out of the sale of personal information by using this toggle switch. If you opt out we will not be able to offer you personalised ads and will not hand over your personal information to any third parties. Additionally, you may contact our legal department for further clarification about your rights as a California consumer by using this Exercise My Rights link

If you have enabled privacy controls on your browser (such as a plugin), we have to take that as a valid request to opt-out. Therefore we would not be able to track your activity through the web. This may affect our ability to personalize ads according to your preferences.

Targeting cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.

Social media cookies are set by a range of social media services that we have added to the site to enable you to share our content with your friends and networks. They are capable of tracking your browser across other sites and building up a profile of your interests. This may impact the content and messages you see on other websites you visit. If you do not allow these cookies you may not be able to use or see these sharing tools.

If you want to opt out of all of our lead reports and lists, please submit a privacy request at our Do Not Sell page.

Save Settings
Cookie Preferences Cookie List

Cookie List

A cookie is a small piece of data (text file) that a website – when visited by a user – asks your browser to store on your device in order to remember information about you, such as your language preference or login information. Those cookies are set by us and called first-party cookies. We also use third-party cookies – which are cookies from a domain different than the domain of the website you are visiting – for our advertising and marketing efforts. More specifically, we use cookies and other tracking technologies for the following purposes:

Strictly Necessary Cookies

We do not allow you to opt-out of our certain cookies, as they are necessary to ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site performance. These cookies are not used in a way that constitutes a “sale” of your data under the CCPA. You can set your browser to block or alert you about these cookies, but some parts of the site will not work as intended if you do so. You can usually find these settings in the Options or Preferences menu of your browser. Visit www.allaboutcookies.org to learn more.

Functional Cookies

We do not allow you to opt-out of our certain cookies, as they are necessary to ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site performance. These cookies are not used in a way that constitutes a “sale” of your data under the CCPA. You can set your browser to block or alert you about these cookies, but some parts of the site will not work as intended if you do so. You can usually find these settings in the Options or Preferences menu of your browser. Visit www.allaboutcookies.org to learn more.

Performance Cookies

We do not allow you to opt-out of our certain cookies, as they are necessary to ensure the proper functioning of our website (such as prompting our cookie banner and remembering your privacy choices) and/or to monitor site performance. These cookies are not used in a way that constitutes a “sale” of your data under the CCPA. You can set your browser to block or alert you about these cookies, but some parts of the site will not work as intended if you do so. You can usually find these settings in the Options or Preferences menu of your browser. Visit www.allaboutcookies.org to learn more.

Sale of Personal Data

We also use cookies to personalize your experience on our websites, including by determining the most relevant content and advertisements to show you, and to monitor site traffic and performance, so that we may improve our websites and your experience. You may opt out of our use of such cookies (and the associated “sale” of your Personal Information) by using this toggle switch. You will still see some advertising, regardless of your selection. Because we do not track you across different devices, browsers and GEMG properties, your selection will take effect only on this browser, this device and this website.

Social Media Cookies

We also use cookies to personalize your experience on our websites, including by determining the most relevant content and advertisements to show you, and to monitor site traffic and performance, so that we may improve our websites and your experience. You may opt out of our use of such cookies (and the associated “sale” of your Personal Information) by using this toggle switch. You will still see some advertising, regardless of your selection. Because we do not track you across different devices, browsers and GEMG properties, your selection will take effect only on this browser, this device and this website.

Targeting Cookies

We also use cookies to personalize your experience on our websites, including by determining the most relevant content and advertisements to show you, and to monitor site traffic and performance, so that we may improve our websites and your experience. You may opt out of our use of such cookies (and the associated “sale” of your Personal Information) by using this toggle switch. You will still see some advertising, regardless of your selection. Because we do not track you across different devices, browsers and GEMG properties, your selection will take effect only on this browser, this device and this website.