Dems reveal $3.5T budget that sidesteps debt ceiling

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Senate Democrats released a $3.5 trillion budget on Monday morning that doesn’t tackle the imminent need to raise the debt ceiling, setting the stage for a dramatic standoff with Republicans this fall. The exclusion of debt limit language amounts to a political gamble by President Joe Biden’s party, with the Treasury Department expected to run dry on its borrowing limit in the coming weeks. Senate Republicans have already warned that they won’t give Democrats the votes needed to approach the issue on a bipartisan basis, which means that the debt…

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