Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios Pro Rata

Dive into the world of dealmakers across VC, PE and M&A with Axios Pro Rata. Delivered daily to your inbox by Dan Primack and Kia Kokalitcheva.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Austin news?

Get a daily digest of the most important stories affecting your hometown with the Axios Austin newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Atlanta news?

Get a daily digest of the most important stories affecting your hometown with the Axios Atlanta newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Philadelphia news?

Get a daily digest of the most important stories affecting your hometown with the Axios Philadelphia newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Chicago news?

Get a daily digest of the most important stories affecting your hometown with the Axios Chicago newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top DC news?

Get a daily digest of the most important stories affecting your hometown with the Axios DC newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer leave the U.S. Capitol this week. Photo: Drew Angerer/Getty Images)

Democratic leadership in the House and Senate are working on a short-term funding bill — which needs to pass before Oct. 1 to avoid a government shutdown — that includes a debt-limit increase.

Why it matters: The country will default on its debt in October for the first time in U.S. history if Congress doesn't increase the federal debt limit. Republicans and Democrats have entered a standoff — daring the other side to blink.

State of play: Republican lawmakers maintain they'll refuse to vote for a short-term funding bill that deals with raising the debt ceiling, arguing Democrats have the tools to deal with the deficit on their own since they control the White House and Congress.

  • The GOP plans to force Democrats to strip the language from any continuing resolution, which needs at least 10 Republican senators to pass.
  • Republicans argue Democrats should instead rewrite their reconciliation bill to include the debt increase in their $3.5 trillion infrastructure spending package.
  • Democratic leadership has repeatedly insisted they will not tweak the budget, especially given it has passed in both chambers.

One other option: Democrats could also try to pass a debt limit increase as a standalone bill.

  • Republicans say they won't vote for that, either.

The most practical option, according to many Republicans like Sen. Chuck Grassley (R-Iowa), would be for Democrats to introduce a deficit increase and ask for unanimous consent to take up the bill without a filibuster — thus not requiring any GOP senators to vote for it.

  • "All they got to do is put a bill down, and I would assume that if no Republicans want to vote for it, which right now it doesn't look like any Republicans vote for it, then they would ask unanimous consent to lay the bill down and take it up," said Grassley.
  • "And why would a Republican object?" Grassley asked.
  • One Republican, Sen. Ted Cruz (R-Texas), is objecting. Cruz told Politico's Burgess Everett he would force a filibuster if Democrats tried to raise the debt ceiling that way.

The bottom line: The issue is going to consume most of the oxygen on Capitol Hill in the coming weeks, despite Congress' other rapidly approaching deadlines.

  • Treasury Secretary Janet Yellen warned last week a default would "cause irreparable damage to the U.S. economy and global financial markets."

Go deeper

House passes stopgap funding bill that could avert shutdown

Speaker Nancy Pelosi. Photo: Chip Somodevilla/Getty Images

The House of Representatives on Thursday voted 221-212 to pass a bill funding the government through Feb. 18.

Why it matters: The measure now heads to the Senate, where it will need to be approved before midnight on Friday to avert a shutdown, but some Republicans have indicated that they may delay passage if they don't get a vote on an amendment to defund President Biden’s vaccine mandates.

McConnell: No legislative agenda for 2022 midterms

Photo: Drew Angerer/Getty Images

Mitch McConnell has told colleagues and donors Senate Republicans won't release a legislative agenda before next year's midterms, according to people who've attended private meetings with the minority leader.

Why it matters: Every midterm cycle, there are Republican donors and operatives who argue the party should release a positive, pro-active governing outline around which candidates can rally. McConnell adamantly rejects this idea, preferring to skewer Democrats for their perceived failures.

Prosecutors “haven’t ruled out” charging school officials in Michigan shooting

Michigan school officials had the legal grounds to search alleged shooter Ethan Crumbley's backpack and locker but did not to do so, Oakland County Prosecutor Karen McDonald told CNN Monday.

Catch up quick: Crumbley has been charged with numerous felony counts related to terrorism and murder after opening fire at Oxford High School, killing four students and wounding seven other people.