Steve Bell: Heading for a new fiscal cliff

Federal Drive

Steve Bell: Heading for a new fiscal cliff

Senate Majority Leader Mitch McConnell (R-Ky.) has promised that Congress will not shut down the government or threaten to default on the national debt. To do t...

August 17, 2015 9:27 am

< a min read

Senate Majority Leader Mitch McConnell (R-Ky.)has promised that Congress will not shut down the government or threaten to default on the national debt. To do that, they'll need to pass a spending bill after the August recess and then address the debt ceiling. The Bipartisan Policy Center predicts a deadline for raising the borrowing cap will fall in November or December. Steve Bell is senior director of economic policy at the Bipartisan Policy Center. He joined Tom Temin on the Federal Drive with more on the budget outlook.