Sen. Bob Corker (R., Tenn.) expressed concern Wednesday that the so-called “Biden commission” may yield a deal that is too “modest” for Republicans to support:
“I’m concerned that the type of deal that they may be trying to seek is not something that many of us in this body would even agree to if they reached it, meaning that it’s far more modest than I think most of us have been looking at,” Corker said on the Senate floor.
Corker said he has heard several possible elements of a deal that he thinks could be opposed by Republicans. For example, he said he heard the deal might allow for a $2.4 trillion increase in the debt ceiling over an 18-month period, which would be matched by $2.4 trillion in cuts over a 10-year period.
“And so you can see there’s a vast discrepancy in what’s taking place,” said Corker, who implied it could be difficult for GOP senators to back that large of a debt ceiling hike for much smaller cuts to annual deficits.
He also said he understands that discussions are under way to agree to a short-term debt-ceiling extension, as the early-August deadline might not be met. But he said he can’t imagine telling his constituents that no real progress on the debt ceiling has been made by then.
“I cannot imagine going home to recess on August the 6th, to the people in Tennessee, and telling them … ‘I’m here to tell you that we haven’t done a thing, not one thing, as it relates to reaching a deal on how many cuts are going to take place in spending relative to our debt-ceiling extenuation,’ ” Corker said.
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