Senate Majority Leader Chuck Schumer said Monday that he’ll tee up another ill-fated vote on waiving the debt limit, attempting to shame Republicans for blocking action as the country nears the brink of default.
Another failed vote to lift the debt ceiling could worry economists and Wall Street investors, as thethat the nation could deplete its borrowing ability by Oct. 18, or the so-called X Date. But Democrats must start moving soon if they want to lift the debt ceiling through the reconciliation process, or the same special budget procedure that they’re using to pass Biden’s massive social spending plan. Biden signaled no interest in the notion during remarks on Monday, stressing that Republicans must stop stonewalling.
Still, it’s unclear if some Senate Republicans will start to feel the heat from the business community and financial markets should the stalemate continue to drag on. If the GOP simply refuses to lend the necessary votes, several Senate Democrats said the majority party won’t allow the country to cross over into dangerous economic territory.
In his Monday letter, Schumer said Democrats will discuss the debt ceiling at their party lunch on Tuesday. Treasury Secretary Janet Yellen has warned that if Congress waits until the last minute to lift the cap on the nation’s borrowing authority, it could “cause irreparable damage to the U.S. economy and global financial markets.”
Yeah, that’ll teach them… /s
Stop the politics dems don't need 1 rep vote
“Elections have consequences”. Who said that 4 years ago? Was it McConnell?
Change the regular coting to the 51 that monster mitch used! Why not, chicken?
The normal person has a debt limit. Why not the government?
Chuck Schumer should go to Mitch McConnell and tell him I have 50 votes now the balls in your court all Democrats will vote to raise the debt if you are not going to stop the GOP from voting then the American people will know your party is the one who caused this disaster Period
Maybe now isn't the best time to be spending more money.
Chuck deal with the carried interest tax loophole while you are shaming others.
They want to save the Reconciliation Bill so they can use that to pass another ridiculously expensive wasteful bill like they're doing now to pass AOC's dream society... They don't want to waste Reconciliation on the Debt Limit...
They can’t be shamed. It also doesn’t help that the media doesn’t holding McConnell accountable.
Politico headlines in alternate universe: Schumer has firmly placed the Republicans in a lose-lose position with repeated call for votes to get them to reject increasing debt-limit with the political fallback that typically comes with it for the party that is seen as responsible.
Doesn't he get it? The Republicans have no shame.
Republicans have no shame.
GOP won’t pay Trump’s debt, how ironic! Not that Trump ever pays his debts anyway but it must feel good to get a little help from your friends!
Oh Schumer they are shameless, it won't work.
Who is this strategy for? What fraction of the country will ever even hear about this vote? If the Senate wasn't so self important, maybe they could get something done or make plans that make sense.
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