New Haven Register (New Haven, CT)

House aims to suspend cap on borrowing authority


House Democrats said Friday they planned to take action next week to suspend the cap on the government’s borrowing authority. At the same time, the White House ratcheted up pressure on Republican­s by warning state and local government­s that severe cuts lie ahead if the measure fails in the Senate. Senate Republican Leader Mitch McConnell has said Republican­s won’t vote to raise the debt limit and so Democrats must act on their own. McConnell says Republican­s will not facilitate another “reckless spending spree.” The debt limit is the amount of money Congress allows the Treasury to borrow.

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