“There's absolutely no economic justification for insisting on a debt limit increase that brings us through the next election,” said McConnell from the Senate floor. “It's not the beginning of a fiscal year. It's not the beginning of a calendar year. Based on his own words, it's hard to conclude that this request has anything to do with anything other than the president's reelection.” 

“Time is running out,” admonished McConnell. “With all due respect to the president, we have more important things to worry about than getting through the next election."