Sen. Joe Manchin has pushed Senate Democrats to take responsibility for solving the debt ceiling crisis, throwing the onus on the Democrat-controlled Senate to act before default.
The federal government will run out of money in three days while a legislative pileup has continued to plague Sen. Chuck Schumer (D-NY), who failed on Monday to pass a routine defense bill to clear legislative calendar days to pass the $1.9 trillion reconciliation package.
The federal government will run out of money on Friday amid a jammed Senate schedule in December that may further delay the passage of the reconciliation package into next year.
Treasury Secretary Janet Yellen warned that Biden’s $1.2 trillion infrastructure bill could cause the United States to hit its debt limit on December 15.
The federal government will run out of money in 21 days from Friday.
Former Trump era Treasury Department appointee Adam Korzeniewski said Wednesday that House Speaker Nancy Pelosi (D-CA) considering handing over power to the Biden-Harris administration to raise the debt ceiling speaks to her failed leadership.
Congress passed a short-term raising of the debt ceiling to December on Tuesday, averting a looming government shutdown.
Treasury Secretary Janet Yellen said Sunday on ABC’s “This Week” that if Senate Minority Leader Mitch McConnell’s (R-KY) followed through on his threat that Republicans would not help to raise the debt ceiling in December, there could be a financial crisis.
On Friday’s “PBS NewsHour,” New York Times columnist David Brooks stated that back in 2006, Democrats, including Joe Biden, “were very happy to let the Republicans take the fall and be the ones to pass the debt limit,” and “Everyone’s a hypocrite
Eleven Senate Republicans voted Thursday to advance the debt ceiling increase as Senate Republicans caved to Democrats.
During a Thursday interview with Fox News Channel’s “Hannity,” Sen. Lindsey Graham (R-SC) sounded off on the Senate voting to raise the debt ceiling.
Former President Donald Trump said Thursday on Fox News Channel’s “Hannity” that Senate Minority Leader Mitch McConnell (R-KY) made a “big mistake” making a deal with Democrats to extended the United States’ debt ceiling until December.
Treasury Secretary Janet Yellen said Thursday on CNN’s “OutFront” that it has become “increasingly damaging” for the United States to set a debt ceiling.
Senate leaders struck a deal Thursday that would avoid a government shutdown, extending the debt ceiling into December.
Senate Democrats plan to accept Senate Minority Leader Mitch McConnell’s (R-KY) offer to raise the debt ceiling into December, according to reports.
WASHINGTON (AP) — Senate Republican leader Mitch McConnell on Wednesday told Democrats he would allow an emergency debt limit extension into December, edging back from a perilous standoff by offering a potential path to avoid a federal default.
Senator Tim Kaine (D-VA) said Wednesday on MSNBC’s “MTP Daily” that the Republicans’ refusal to raise the debt ceiling limit after they “ran up the credit card when Donald Trump was president” was like the friend who never pays a dinner check.
Democrats may have to take some tough votes on raising the debt ceiling, Senate Republicans told reporters Tuesday.
A plurality of American voters blame Democrats and not Republicans for a potential debt default, a Morning Consult poll revealed Wednesday.
Some politicians think they’ve found a silver bullet for the impasse over the debt limit, except the bullet is made of platinum: Mint a $1 trillion coin, token of all tokens, and use it to flood the treasury with cash and drive Republicans crazy.
Sen. Chuck Schumer (D-NY) contradicted Sen. Joe Manchin (D-WV) on Tuesday by suggesting the debt ceiling “can’t” be raised with the reconciliation tactic.
Senate Majority Leader Chuck Schumer (D-NY) planned a cloture vote on a debt-ceiling increase as Senate Republicans stand firm against Democrat efforts to skyrocket the debt.
Sen. Joe Manchin (D-WV) said Monday evening he is open to using debt limit reconciliation to raise the debt ceiling by October 18, undercutting Sen. Chuck Schumer’s (D-NY) signals that the tactic “cannot” be used.
Democrats can reportedly pass a debt limit reconciliation package within two weeks to avert defaulting on the U.S. debt on October 18, but Sen. Chuck Schumer (D-NY) has objected to the process.
The debt ceiling is required by the U.S. Constitution. Even if it were not, it would still be a prudent policy.
MSNBC “Morning Joe” host Joe Scarborough on Thursday took issue with Republicans for refusing to vote to raise the debt ceiling.
Senate Majority Leader Chuck Schumer (D-NY) told reporters Wednesday the Senate “cannot” use reconciliation to raise the debt ceiling.
Democrat Sen. Dick Durbin (D-IL) demanded Republicans cancel the filibuster so the Democrats can continue to put the American taxpayer further into debt.
House Speaker Nancy Pelosi (D-CA) has reportedly told the House Democrat caucus she will put forward a bill to fund the government to avoid a shutdown.
Senate Republicans blocked a government spending and debt ceiling bill Monday, setting up a dramatic showdown between Republicans and Democrats on whether Congress should raise the debt ceiling while Democrats plan to spend trillions on infrastructure and social spending.
Democrats on Thursday are panicking over the impending debt default and shutdown of the federal government with no backup plan in sight.
The U.S. House passed legislation on Tuesday that will prevent a government shutdown and suspend the debt limit beyond the month.
Democrats plan to pack a provision raising the debt ceiling in the government funding bill, setting up a clash with congressional Republicans.
Senate Minority Leader Mitch McConnell (R-KY) said Tuesday he is not “bluffing” on Senate Republicans’ stand on the debt ceiling.
President Joe Biden hopes to stuff the government funding bill with leftist “anomalies” as lawmakers continue to negotiate a way to keep the government running.
Congressional Democrats omitted raising the debt ceiling instructions in the $3.5 trillion infrastructure package, risking a showdown with Republicans over the debt limit in September.
Senate Democrats complained Wednesday that Senate Republicans are holding the economy and the debt limit “hostage.”
The debt ceiling was suspended for two years in July of 2019. If Congress doesn’t raise it or suspend it, the CBO estimates that the government will run out of money to pay its bills in October or November.
Senate Minority Leader Mitch McConnell (R-KY) said Tuesday Republicans will not support raising the debt ceiling, a move that could grind Democrats’ infrastructure push to a halt.
On Saturday’s broadcast of “Fox News Live,” Sen. Bill Hagerty (R-TN) argued “we need to begin to bend the curve back” on spending and that he believes conservatives in Congress will take “a very strong stand” on raising the debt
