WASHINGTON — The Senate was poised Tuesday to lift the nation's debt limit by $2.5 trillion under a deal struck between party leaders, defusing a volatile issue until aftera deadline set by Treasury Secretary Janet Yellen
, after which the nation would be at risk of a crippling default. The bill is expected to clear the Senate on a party-line vote that garners no Republican support, with swift passage by the House likely to follow before it then heads to President Joe Biden’s desk.while pledging to staunchly oppose any efforts to increase in the debt limit..
Senate Majority Leader Chuck Schumer hailed the agreement, which will allow Democrats to pass the bill without the threat of a Republican-led“This is about paying debt accumulated by both parties, so I'm pleased Republicans and Democrats came together,” the New York Democrat said on the chamber's floor Tuesday.“If they jam through another taxing and spending spree this massive debt increase will just be the beginning,” the Kentucky Republican said.The nation’s current debt load of $28.
The national debt includes $7.8 trillion heaped onto the pile during Donald Trump’s four-year presidency, an analysis of Treasury records shows. Theis projected to add between $1 trillion and $2 trillion to the debt, according to the nonpartisan Tax Policy Center. Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commentingDemocrats will vote as soon as Tuesday to raise the debt ceiling by $2.5 trillion, which they expect will lift the nation's borrowing cap until 2023.Senate Democrats unveiled a resolution to raise the debt ceiling on Tuesday, shortly before they are scheduled to take a procedural vote on the measure.
Tough vote? Oh, so the GOP maxxed out the government's bank accounts (yet again) but the Dems get the pressure, got it. This is a CLEAR WIN for the Dems and a capitulation from McConnell. Of course no majors will write that though
By 'tough vote' you mean 'routine vote that's been taken by both parties every year or so since the 1920's' but yeah I guess you have to get the GOP talking point in there somehow...
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.
Chicago expected to pay woman $2.9M over botched police raidA Chicago City Council committee on Monday recommended paying $2.9 million to a woman who was handcuffed while naked by police officers during a botched raid of her home in 2019. The Finance Committee's unanimous approval to recommend the settlement for social worker Anjanette Young will be considered Wednesday by the full City Council, which almost always follows the committee's recommendations. “The city has never disputed Ms. Young suffered an indignity” during the raid, city Corporation Counsel Celia Meza told the Finance Committee, according to the Chicago Tribune. Kristen Cabanban, a spokeswoman for the city's legal department, said Young's attorney agreed to the settlement. The police unions should be paying these lawsuits. Not the taxpayers. We have to pay their salaries AND pay when the cops are incompetent? get 👏🏽 yo 👏🏽 money 👏🏽 honey 👏🏽👏🏽
Source: YahooNews - 🏆 380. / 59 Read more »
Dr. Oz is officially ending his show to focus on Pennsylvania Senate runSony Pictures Television is replacing the 'The Dr. Oz Show' with 'The Good Dish' co-hosted by Mehmet Oz's daughter Daphne Oz, Gail Simmons and Jamika Pessoa. I wonder how MAGA would feel when they find out his first name is the Turkish version of Muhammad. Grifters gonna grift. Politics is the new reality tv Oh wow, let’s talk about the people running for office in California and how they are shirking their duties for Politics.
Source: latimes - 🏆 11. / 82 Read more »
U.S. Senate panel to hold hearing on Biden auto-safety agency pickThe U.S. Senate Commerce Committee on Thursday is set to hold a confirmation hearing on President Joe Biden's nominee to head the National Highway Traffic Safety Administration (NHTSA), an agency without a permanent leader for nearly five years. The Democratic president's nominee is Steven Cliff, a former California Air Resources Board official who since February has served as NHTSA's deputy administrator. Cliff has been a key figure in the Biden administration's proposed rewrite of vehicle fuel economy standards through 2026 and is overseeing its safety investigation of electric car maker Tesla Inc. Cars are built with so many safety features. The safer the car, the more careless and fast the drivers will be.
Source: YahooNews - 🏆 380. / 59 Read more »
‘The Dr. Oz Show’ Ending After 13 Seasons Amid Senate RunThe show will be replaced by a new series hosted by Daphne Oz titled 'The Good Dish.' As part of the FCC's Equal Airtime Act, I understand. And now we know why he decided to “run for office”. Pretending to be a candidate ups your publicity and gets you all that sweet, corruptible campaign cash to pay your bills. Well, at least one good thing's coming out of this...
Source: THR - 🏆 411. / 53 Read more »
Senate to hold hearing weighing Garcetti's nomination to be ambassador to IndiaIt’s unclear when the Los Angeles mayor would be confirmed by the full Senate to be the U.S. ambassador to India.
Source: latimes - 🏆 11. / 82 Read more »
Jim Bob Duggar's Son-In-Law Says Josh Duggar Verdict Will Hurt State Senate CampaignHere's how Josh Duggar's conviction could affect his dad politically. He won't win anyhow. The hole family is nuts He literally covered up his son molesting his own daughters.. That fact alone should have ruined his potential political career.. Good
Source: TMZ - 🏆 379. / 59 Read more »