Uh-oh... so much for the immediate post election spirit of bipartisanship.
Story at The Hill. (I've taken the liberty to highlight the metaphors in advance ;) )
Senate Minority Leader Mitch McConnell (R-Ky.) on Monday said "fiscal cliff" talks are at an “impasse” and only President Obama can break the logjam.
McConnell laid the blame for the slow-going discussion on liberal Democrats who are dragging their feet on reforms to Medicare, Medicaid and Social Security.
“So we’ll continue to wait on the president, and hope that he has what it takes to bring people together to forge a compromise. If he does, we’ll get there. If he doesn’t, we won’t. It’s that simple,” McConnell said.Through last Friday, Current Debt Limit: $16,394B ... Public Debt Subject to Limit: $16,268B ... Fiscal Policy Space Available: $126B
Treasury auctions over the last 2 days have totaled over $100B so depending on concurrent amounts of UST redemptions, a lot of the remaining ceiling could already be accounted for...