The Senate is under pressure to approve the legislation to suspend the debt ceiling before Monday.
— Senate Majority Leader Chuck Schumer vowed to keep the upper chamber in session and pass theand limit government spending"as soon as possible" to avoid a catastrophic default on the nation's debt.
"We will keep working until the job is done," Schumer said Thursday on the Senate floor."Time is a luxury the Senate does not have, if we want to prevent default." Schumer said"any needless delay" or"last-minute holdups" would be a"dangerous risk." Several senators are pushing for votes to amend various portions of the 99-page bill, known as the Fiscal Responsibility Act of 2023. The approval of any amendments would require the House to pass the new version before sending it to President Biden's desk.
Democratic Sen. Tim Kaine of Virginia is seeking to strike a provision in the debt ceiling bill that fast-tracks construction of theto carry natural gas from West Virginia to Virginia. Republican Sen. Rand Paul of Kentucky is offering an amendment with more dramatic spending cuts.
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Senate racing to pass debt ceiling bill ahead of Monday default deadlineSenate leaders are imploring their colleagues to move quickly to approve a House-passed bill ahead of a Monday deadline that would suspend the debt ceiling, limit federal spending and avert a catastrophic U.S. government default.
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Debt limit: Rand Paul offers alternative to debt ceiling deal as some House Republicans rebuke agreement.SenRandPaul has presented an alternative plan to the recent Fiscal Responsibility Act introduced by JoeBiden and SpeakerMcCarthy. Paul's proposal comes as the agreement from McCarthy and Biden has drawn discontent among some Republican lawmakers.
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Debt ceiling debate: McHenry says they have the votes to pass debt ceiling billRep. PatrickMcHenry believes there are enough votes to pass the debt ceiling bill in the House despite opposition by several Republicans. McHenry also said the deal should not leave any parties happy, but that it is the nature of 'a divided Washington.'
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