Goldman with the note:
House Speaker Pelosi and Senate Majority Leader Schumer have announced that they plan to move forward with legislation that ties an extension of government spending authority (a “continuing resolution”) with a suspension of the debt limit. A vote in the House looks likely this week. Republican leaders have reiterated their opposition to pairing the two measures and look likely to vote against the combined bills in the Senate. If Republicans block the bill in the Senate, this would leave Democratic leaders with three options between now and Sep. 30:
1. Pass a short-term extension of spending authority without the debt limit attached. The deadline to extend spending authority is Sep. 30, while the deadline to suspend or increase the debt limit is likely sometime in the last week of October. If Senate Republicans block the combined measure, Democratic leaders may opt to pass a short-term extension of spending authority–for three weeks, for example–to better align the next spending deadline with the debt limit deadline.
