We cannot have a situation where the debt ceiling is extended as part of a budget negotiation process that would put us back in the same position that we're in now.
But: We cannot have a situation where the debt ceiling is extended as part of a budget negotiation process that would put us back in the same position that we're in now.
"It is our view that we cannot have a situation where the debt ceiling is extended as part of a budget negotiation for only six weeks, which would put us right back in the same position that we're in now," Mr. Carney said.
In another, the attic floor was knocked out to create a cathedral ceiling, and in a third, the kitchen was extended into the dining room.
Treasury Secretary Timothy Geithner recently warned Congress that defaulting on the nation's debts later this summer "would have a catastrophic economic impact," even as he informed lawmakers that the deadline for raising the debt ceiling has been extended until Aug. 2.
Under the original Collins proposal, the debt ceiling would be extended until 31 January while cuts across several government departments, known as the sequestration, would also be continued until 15 January.
Photograph: Charles Dharapak/AP Updated at 6.22pm BST 5.56pm BST Reid has offered McConnell a deal providing for a 6-9 month extension of the debt limit and sequester-level funding for the next two months, Politico reports: Under Reid's proposal, the debt ceiling would be extended for six to nine months, and the government would be funded at $986 billion until some point in December.
Bachmann said she'll encourage her constituents to sign onto an initiative that would prevent the debt ceiling from being extended.
The debt ceiling could be extended past the next election with the condition that tax reform would be enacted by that time: sort of a "sequester-in-reverse". 6.
The last time the United States came close to hitting the debt ceiling, in summer 2011, a game of chicken was played on Capitol Hill and with the White House – with many Congressional Republicans insisting that the debt ceiling would not be extended unless there were matching spending cuts.
