Wall Street Journal: “Republicans have the power to raise the debt ceiling by themselves, and they will try to do that in their tax, border, energy and spending-cuts legislation that would wrap many of President-elect Donald Trump’s priorities into one bill. That would be the first one-party debt-limit increase since 2010.”
“If Republicans’ efforts collapse, however, they will need to turn to Democrats to avert a potential government default around the middle of the year, possibly setting the stage for more deadline drama. While many Democrats have made clear they won’t just sign off on a GOP plan that kicks the debt ceiling to the next Congress or next president, they have signaled support for effectively getting rid of the debt-ceiling threat altogether.”
