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Sen. McConnell Blocks Debt Ceiling Vote

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  • Description

    FBN’s Rich Edson on Sen. Mitch McConnell blocking a vote on the debt ceiling today.

  • Duration 2:00
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It.

-- -- new developments in the battle over the debt ceiling in just the last hour and it was actually quite come product.

-- already leader Mitch McConnell objecting to hold a vote on the issue leaving them back where they started.

-- and joins us now with the latest from Washington it was like a final -- look quite right we're gonna.

We're not credible evidence.

But a -- -- -- is little bit the senate version of that is a little more muted but that's kind of the idea behind it.

-- because you know this argument goes well beyond just raising tax rates -- that is the most significant obstacle in reaching a debt deal.

But the White House wants congress to -- its authority to raise the federal borrowing limit.

And allow the president to request increases in the debt ceiling.

And only be denied if they super majority.

In congress objects and Republicans called out of power grab the White House says the president is simply trying to avert another debt ceiling panic.

I would ask American businesses.

I would ask American workers.

Whether they think.

Did.

What happened in the summer of 2011 when Republicans some with.

Great enthusiasm threatened to have the United States default.

For the first time in its history.

Look the only way we're ever cut spending around here is by using the debate over the debt -- to do it.

Now the president wants to remove that spurred -- caught all together.

The course it gets in the way to -- implied.

Now to the broader debate over how to avert the fiscal cliff Republicans.

And the president are out campaigning on their tax plans President Obama is in Northern Virginia meeting with a middle class family Republicans.

Are speaking with small business owners both say the other -- reluctance to relent on their positions.

Will harm the economy.

Back to you.

It's it's an average summer would take that limit -- on my credit card that would be nice added confidence to the campaigning -- should be actually talking to each other and getting this thing them out when there's that.

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