Cecilia Vega reports on the latest efforts to increase the U.S. debt limit ahead of the mid-October deadline.After weeks of high-stakes brinkmanship, Senate Majority Leader Chuck Schumer on Thursday announced Democrats and Republicans have reached a deal to avert the U.S. defaulting on its debt for the first time through a temporary increase in the debt ceiling through early December.
Democratic Senate Majority Leader Chuck Schumer leaves a meeting with other Democrats about raising the debt limit in Washington, Oct. 6, 2021. "The Senate is moving toward the plan I laid out last night to spare the American people a manufactured crisis," he said.
Politics The December 3rd deadline for extending the debt ceiling again will be just friggin great for the stock market which usually sees an 📈 in late November and into December. More volatility will be expected. EddyElfenbein
This isn't a win the problem was just kicked down the road.
Stop kicking the can.
COLLEGE PARK, Md. — The estate of Henrietta Lacks sued a pharmaceutical company on Monday, accusing it of selling cells that doctors at Johns Hopkins Hospital took from the Black woman in 1951 without her knowledge or consent.
so we're doing it every month now huh the debt ceiling edging
This is not a deal. The Republicans need to do the job they were elected to do.
So the GOP threw you a bone to make themselves look good and you took it! Joe Manchin gets to be center of attention again in two months.
They now need to work on decreasing the national debt of about $28 trillion.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Congress faces 3 major economic deadlines before the year ends: Debt limit, infrastructure and government fundingLawmakers aim to raise the debt ceiling and pass both pieces of Biden's economic agenda this month, then avoid a shutdown by December.
Source: CNBC - 🏆 12. / 72 Read more »
Parties play with political fire around debt ceiling: The NoteRepublicans see this moment as an opportunity to do what they can to stifle the Democrats’ agenda, rickklein writes. That may leave Democrats with only one real option: rickklein Modify the Filibuster. Raise the debt limit. The sanctity of the Filibuster is nothing compared to the financial stability of our economy
Source: ABC - 🏆 471. / 51 Read more »
Senate leaders strike deal on short-term debt limit patchSenate leaders have clinched a deal to steer the nation away from a fiscal cliff that would hit in less than two weeks, pushing their debt ceiling stalemate into December It was nice of mitch to alow the democrats to help Americans...wtf, Republicans need to resign for being hypocritical obstructionists. When they were in power, Dems worked with them. Can you imagine the pre-Christmas drama that awaits! 😱
Source: politico - 🏆 381. / 59 Read more »
McConnell offers extension on U.S. debt ceiling into DecemberWASHINGTON (Reuters) -Top U.S. Senate Republican Mitch McConnell on Wednesday said his party would support an extension of the federal debt ceiling into December, a move that would head off a historic default with a heavy economic toll. That could provide an off-ramp to a months-long standoff between President Joe Biden's Democrats and McConnell's Republicans, who were expected to block on Wednesday a third attempt by Senate Democrats to raise the $28.4 trillion debt ceiling. 'To protect the American people from a near-term Democrat-created crisis, we will also allow Democrats to use normal procedures to pass an emergency debt limit extension at a fixed dollar amount to cover current spending levels into December,' McConnell said in a statement on Wednesday. Only because there was serious talk to make changes to the filibuster. That's an about face - but which face?
Source: YahooNews - 🏆 380. / 59 Read more »
McConnell says Republicans will not block a debt limit extension into DecemberJUST IN: Senate Minority Leader McConnell says he will support a debt limit extension into December to give Democrats more time to enact a long-term solution on their own. I think it is worth noting his extension offer has additional attachments to harm Democrats. The Democrats cooperated with the Republicans that allowed them to raise the debt ceiling three times. But now the Republicans refuse to cooperate! That needs to printed on the front pages of all newspapers and other outlets! MaddowBlog Hell no Joe!!! We can't keep putting a bandaid on a gushing wound and set surgery up in a few months. What Mitch is pitching Is a foul don't swing at it!!
Source: NBCNews - 🏆 10. / 86 Read more »
Pentagon Warns Failing To Raise Debt Ceiling Could Harm National SecurityBiden has spent weeks warning about dire economic consequences if Congress fails to approve more federal borrowing before the government runs out of money on Oct. 18. So then - now can we finally admit the debt is this a threat to National secority too
Source: Forbes - 🏆 394. / 53 Read more »