Schumer sets debt ceiling showdown and government funding bill on Monday
The Senate will vote Monday on whether to pass a bill passed by the House to avoid a government shutdown and suspend the country’s borrowing limit.
The vote, set up by the majority leader in the Senate Charles SchumerChuck SchumerBiden touts “progress” in “candid” meetings on the .5T plan. (DN.Y.) Thursday night sparked a high-stakes showdown with global economic consequences if lawmakers are unable to find a way forward.
The bill passed by the House will need 60 votes to advance in the Senate and will fail. Democrats would need the votes of at least 10 GOP senators, but no GOP senator has pledged to support the measure.
âThe resolution is the answer to averting many of the crises that are fast approaching on the horizon.â¦ Each member of this House indicates whether they support keeping government open and preventing default, or supporting our closure and leading our country to a default, âSchumer said.
Congress has until the end of the month to avoid a government shutdown. The bill passed by the House would fund the government until December 3. When Congress will need to raise or suspend the country’s debt ceiling to avoid a historic default is less clear, but the Treasury Secretary Janet YellenJanet Louise YellenSenate confirms Biden’s candidate for the Treasury’s top tax post. said he should be ready to do so in October.
What comes next after Republicans block the House bill is unclear.
Democrats say they don’t want to see a government shut down while they control both Congress and the White House, but have yet to publicly describe what a Continuing Backup Resolution (CR) that divides the debt ceiling. .
“I cannot answer that,” the senator said. Dick durbinDick DurbinCOVID-19: US Should Help Africa, Or China GOP Warns McConnell Won’t Blink On Debt Cliff The Hill’s Morning Report – Presented By Alibaba – Fears Of Government Shutdown Rising as leaders dig MORE (D-Ill.) Asked reporters if there was enough support within the Senate Democratic caucus to separate government funding from the debt ceiling to avoid a shutdown.
There are currently no negotiations underway between Republicans and Senate Democrats to try to come to some sort of deal before Monday’s vote.
Republicans are trying to force Democrats to raise the debt ceiling as part of their $ 3.5 trillion spending bill, even though Democrats have helped them suspend the debt ceiling under the era.President TrumpPresident Donald TrumpUkraine compares UN to ‘retired superhero’ Collins for endorsing LePage in Maine Gov.’s return candidacy Heller won’t say if Biden won election MORE.
Republicans see some political benefit in trying to get Democrats to do it themselves through reconciliation: They will be forced to provide a number to raise the debt ceiling, instead of hanging it for a period of time. Republicans are also trying to make it as difficult as possible for Democrats to pass the $ 3.5 trillion plan.
Senator Jean ThuneJohn Randolph ThuneGOP warns McConnell won’t blink on debt cliff Graham tries to help Trump and McConnell bury hatchet This week: Democrats face growing headaches MORE (SD), Republican No. 2 in the Senate, said they were waiting to see what Democrats do after Monday’s vote failed. He predicted Democrats would look to a continuing, short-term resolution that did not include the debt limit.
âI think the game is mostly on the Democrats’ side,â Thune said. “We think they are pivoting fairly quickly to plan B.”