The Briefing Room
General Category => Politics/Government => Topic started by: mystery-ak on October 04, 2021, 11:45:15 pm
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Schumer sets up Wednesday vote to suspend debt ceiling
By Jordain Carney - 10/04/21 07:28 PM EDT
Senate Majority Leader Charles Schumer (D-N.Y.) will try again on Wednesday to advance a debt-ceiling suspension bill, amid an entrenched stalemate over the nation's borrowing limit.
Schumer, on Monday night, teed up a vote for Wednesday where he'll need 60 votes to break a filibuster and move forward with suspending the debt ceiling through December 2022.
That would require 10 Republicans to break ranks in the 50-50 Senate, something that is exceedingly unlikely.
"Before the end of this week, the Senate must—must—get a bill to the President’s desk to address the acute crisis of the debt limit," Schumer said from the floor on Monday.
"Even a near-miss can have dramatic consequences—every single day we delay taking action, we increase the chances of doing irreversible damage to our global financial system, our economic recovery, and trust in our country’s ability to pay its debts," Schumer added.
more
https://thehill.com/homenews/senate/575263-schumer-sets-up-wednesday-vote-to-suspend-debt-ceiling