Should Congress and the White House fail to come up with a plan to reduce the deficit and raise the debt ceiling, Senate Minority Leader Mitch McConnell, R-Ky., is ready with a backup.
McConnell said Congress could vote to temporarily raise the debt ceiling and return to the issue in the fall,
The Washington Post reported.
In an appearance on CBS’s “Face the Nation,” McConnell said, “The president and the vice president, everybody knows you have to tackle entitlement reform. If we can’t do that, then we’ll probably end up with a very short-term proposal over, you know, a few months, and we’ll be back having the same discussion again in the fall,” the Post reported.
Democratic and Republican leaders have said they would prefer raising the $14.3 trillion borrowing limit through 2012 so they can avoid multiple votes on the issue with an election approaching, the Post reported.
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