DEAL! Schumer Says Senate Dems, Republicans Reached a Debt Ceiling Agreement

Senate Majority Leader Chuck Schumer said democrats and republicans have reached an agreement to extend the debt ceiling through early December, and that a measure could pass as soon as Thursday.  “It’s our hope that we can get this done as soon as today,” he said in a brief statement on the Senate floor, per […]

  • by:
  • 03/02/2023

Senate Majority Leader Chuck Schumer said democrats and republicans have reached an agreement to extend the debt ceiling through early December, and that a measure could pass as soon as Thursday.  “It’s our hope that we can get this done as soon as today,” he said in a brief statement on the Senate floor, per […]

Senate Majority Leader Chuck Schumer said democrats and republicans have reached an agreement to extend the debt ceiling through early December, and that a measure could pass as soon as Thursday. 

“It’s our hope that we can get this done as soon as today,” he said in a brief statement on the Senate floor, per the Wall Street Journal. 

The agreement is to raise the borrowing limit by $480 billion, the amount that the Treasury Department says is needed to meet the needs until December 3, according to a Senate aide. 

Schumer and Senate Minority Leader Mitch McConnell briefed lawmakers of their respective parties Thursday afternoon. Republicans said they would insist on a vote to clear a 60-vote procedural hurdle before moving to a final vote. Additionally, there were concerns over which republicans would give the votes, which has been an issue in the 50-50 Senate. 

“We don’t have any clear signal yet from the other side,” democrat Sen. Dick Durbin said. “Hoping to get it soon.” 

Indeed, December 3 is the deadline for avoiding a partial government shutdown since the government is currently funded through then under a measure enacted into law last month. Thus, Congress faces a series of hurdles to overcome in a matter of weeks. The debt ceiling will allow the Treasury to raise money to pay for expenses previously authorized by the government. 

Image: by is licensed under
ADVERTISEMENT

Opinion

View All

'State-sanctioned sexual assault': Trans cops allowed to strip-search detained women in the UK

"This is state-sanctioned sexual assault and police chiefs have lost their mind bringing this in. The...

South African health officials warn public against sex change drugs for minors

"The EXCO has issued an advisory to practitioners that the off-use label drugs needs to be done with ...

German trans-identified male police officer accused of drugging, sexually abusing colleagues

The officer, identified as 27-year-old Judy S., a biological male who identifies as transgender, has ...

STEPHEN DAVIS: US Department of Education says using AI at school could lead to racism

“The growing use of AI in schools, including for instructional and school safety purposes, and AI’s a...