Did Mitch McConnell cave? He has said he would not support raising the borrowing limit because it would allow Biden to push through another $5 trillion of spending, something Republicans don't want. Then he instructed Republicans to sink a government spending bill that suspended the debt limit, forcing Democrats to remove the debt limit language from the legislation in order to keep the government open. Earlier this week, Senate Democrats and President Biden began openly floating the idea of abolishing the filibuster altogether to raise the debt ceiling.

Then he proposed a deal: He would agree to rule changes that would allow Democrats to either fast-track the suspension of the debt limit using a budget reconciliation process or raise the limit to a specified figure through December, giving them more time to figure it out later and ensuring the process doesn't get caught up in other partisan wrangling (it'd also take the pressure off Democrats now, as they figure out how to pass the bipartisan infrastructure bill and the $3.5 trillion reconciliation deal).

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