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Reading: Democrats Press Ahead With Debt-Limit Vote Amid Standoff With GOP
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The Wall Street Publication > Blog > Business > Democrats Press Ahead With Debt-Limit Vote Amid Standoff With GOP
Business

Democrats Press Ahead With Debt-Limit Vote Amid Standoff With GOP

Editorial Board Published September 19, 2021
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Democrats Press Ahead With Debt-Limit Vote Amid Standoff With GOP
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WASHINGTON—A partisan fight over raising the government’s borrowing limit is expected to ratchet up this week, with Democrats moving ahead with a vote in the face of strident GOP opposition, raising doubts about whether Congress will take action before the federal government runs out of cash.

The standoff has alarmed Wall Street analysts and business leaders, who in recent weeks have issued warnings about a rising risk of a technical default, in which the government might be unable to make all of its regular payments in full and on time. The threat of such a default could derail markets and hit U.S. economic growth.

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