McConnell Again Defends Opposition To Extending Debt Limit

File: Senate Minority Leader Mitch McConnell, R-Ky., (AP Photo/J. Scott Applewhite)

Senate Republicans are again defending ongoing opposition to extending the federal debt limit.

Minority Leader Mitch McConnell said Democrats control the Senate, the House and the White House and can extend the debt limit on their own. He argued Democrats have had plenty of time to figure out how to do it without Republican support.

Treasury Secretary Janet Yellen is warning of catastrophic economic consequences unless the debt limit is boosted or extended by October 18th.

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