By Molly K. Hooper - 12/22/13 11:00 AM EST
A high-ranking Senate Democrat predicts a smooth debt-ceiling increase in early 2014.
Schumer told "Meet the Press" host David Gregory that Republicans "will back off any hostage taking ... (or) extremist" demands when the nation bumps up against the legal borrowing limit in early spring.
"I understand there’s some saber rattling" by Speaker John Boehner (R-Ohio) and Senate Minority Leader Mitch McConnell (R-Ky.) "and that’s natural," Schumer said, "but at the end of the day the president is going to hold firm," and won't negotiate.
Sen. Tom Coburn (R-Okla.) refused to predict how his party would handle the impending fiscal battle.
Coburn said on "Meet The Press" that he "can't speak for Republicans" on that matter.