The U.S. Congress is locked in a standoff that risks triggering a financial and economic meltdown if lawmakers don't raise a limit on government borrowing before Oct. 18, the day the U.S. Treasury could run out of cash for paying government bills.
The drama's central players are Senator Mitch McConnell, who leads the Republican minority in the Senate and has vowed to obstruct normal legislative efforts to raise the debt ceiling, and Senator Chuck Schumer, leader of the chamber's Democratic majority and an ally of President Joe Biden.Schumer has twice tried to win approval of a debt ceiling increase under regular legislative procedures and is set to try again on Wednesday.
If Schumer's attempt on Wednesday fails, as expected, the Democrat could switch to using an arcane legislative process known as reconciliation. That bypasses the filibuster and Democrats would only need a simple majority to win.
In the past, a minority party has often used the debate as leverage to pass other legislative priorities, such as deficit reduction. On Monday, McConnell has said his party has no demands and merely wants Democrats to use the reconciliation process.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Effort to raise debt limit resets after Senate GOP blocks weeks from defaultHouse Democrats are continuing efforts to raise the debt ceiling in order to avoid the U.S. from defaulting on the national debt.
続きを読む »
After blocking debt ceiling push, McConnell blames DemocratsFormer Democratic senator Al Franken discusses the current fight on Capitol Hill over the debt limit and the the state of the Democratic party still divided over Pres. Biden's agenda.
続きを読む »
Factbox: How could U.S. Senate Democrats raise the debt limit on their own?The U.S. Congress has about two weeks to raise the federal government's $28.4 trillion debt ceiling or cause a historic default that would take a heavy toll on the economy.
続きを読む »
Biden accuses Republicans of 'Russian roulette' on debt limitThe White House is looking to reset the messaging this week around its multi-trillion dollar spending bills deadlocked in Congress, as President Joe Biden hits the road to pitch popular elements of the package.
続きを読む »
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.
続きを読む »