According to an article by NPR, both the reconciliation bill and the infrastructure bill are dependent on the debt limit. Progressives refuse to budge on infrastructure until there’s movement on a social policy package.
Party leaders say Oct. 31 is the new deadline to act on these bills. But another huge deadline is on the horizon.
Treasury Secretary Janet Yellen says we’ll face an “economic catastrophe” if we don’t raise it within the next two weeks.