Sen. Joe Manchin (D-W.Va.) is rejecting the idea of making a change to the filibuster to raise the debt ceiling and avoid a default.
Speaking to reporters on Wednesday, Manchin said, āI truly implore both leaders, the majority leader is and basically, the minority leader is , I implore them to engage. Start working. Work this out. This should not be a crisis.ā
āIāve been very, very clear where I stand on the filibuster. I donāt have to repeat that. I think Iāve been very clear. Nothing changes. But the bottom line is, we have a responsibility to be the adults. Our leadership has the responsibility to lead. And thatās what Iām imploring them to do. We should not have these artificial crises. We are not going to default on our debt. We are still, basically, the currency of the world, and we will remain that,ā he continued.
Finally, he suggested that āanybodyā who thinks the U.S. will default on its debt is āspeculating for the sake of theatrics.ā
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President Joe Biden said on Tuesday that it is a āreal possibilityā that Senate Democrats could make a change to the filibuster rules to raise the limit to avoid a defaulting on the nationās debt, as IJR reported.
The filibuster is a procedural hurdle used to delay or block legislation and means that most bills need at least 60 votes to pass the chamber. In the Senate, which is divided 50-50, Democrats would need at least 10 Republicans to vote for legislation for it to pass.
Some Democrats have discussed making changes to the filibuster to pass an increase of the debt ceiling, the amount of money the U.S. can borrow to meet its existing obligations, and avoid defaulting on its debt which Treasury Secretary Janet Yellen says would yield ācatastrophicā results.
āIt would be catastrophic to not pay the governmentās bills, for us to be in a position where we lacked the resources to pay the governmentās bills,ā she said during an appearance on CNBC on Tuesday, adding, āI fully expect it would cause a recession as well.ā
Senate Republicans have signaled that they will not provide at least 10 votes to lift the debt ceiling. Instead, they are expected to filibuster a vote to do so.
They argue that Democrats should use a process known as budget reconciliation, which would let them advance certain legislation with just 51 votes, with Vice President Kamala Harris casting the tie-breaking vote.
If Manchin votes against making a change to the filibuster rules, Democrats would have to find another way to increase or suspend the debt ceiling.
