House Speaker Nancy Pelosi said Congress will not raise the soon-to-expire federal borrowing limit without the help of Republicans, setting up a spending showdown that could soon leave the Treasury lacking the funds to pay the nation’s bills.
The California Democrat made the pledge hours after receiving a letter from Treasury Secretary Janet Yellen warning that the Treasury will run out of borrowing authority in October.
“We’ll have several options,” Pelosi told reporters who asked her how she planned to bring up legislation raising the debt ceiling. “But it has to happen.”
Pelosi said Democrats will not put a debt limit increase into a social welfare spending bill that they have authorized to pass without GOP support in the Senate. Instead, it will piggyback on legislation that typically requires 60 votes in the Senate, including 10 Republicans.