Effort to raise debt limit resets after Senate GOP blocks weeks from default

The House had already passed legislation to increase the debt ceiling when it was part of a spending bill that included a plan for extending government funding beyond the current October 1 expiration in order to avert a shutdown. Members of the GOP in the Senate filibustered that bill, though, with Senate Minority LeaderMcConnell also blocked Senate Majority Leaderfrom passing a separate bill on Tuesday that would have suspended the debt ceiling through unanimous consent.

House Democrats voted to suspend the debt ceiling before the nation defaults on its national debt. This combination of pictures shows Speaker of the House Nancy Pelosi at a press conference on Capitol Hill on December 19, 2019, and Senate Majority Leader Mitch McConnell at a media availability on November 7, 2018.announced the plan to split the previous bill in two in hopes of at least having the debt ceiling suspended.

"Today, the House plans to move forward to honor its responsibility to protect the American economy and American families from the catastrophe of a default by passing legislation to suspend the debt limit," Pelosi said in a Wednesday press release announcing the plan. "Thank you for the great unity and patriotism demonstrated with last week's vote on lifting the debt ceiling and on a Continuing Resolution to keep government open and avoid a devastating shutdown," she added.

Republicans have tried to force Democrats to raise the debt ceiling through a budget reconciliation resolution, which could not be blocked by the GOP but would require unanimity among Democrats. Meanwhile, Democratic leaders have said raising the debt ceiling through budget reconciliation would likely not occur before the U.S. defaults for the first time ever on the national debt.

Strip away Trump's Talibanization of America!

Trump warned us many times that he is 'The Snake' on our backs. 'You bitten me, [but] why? And you know your bite is poisonous and now I'm gonna die.' 'Oh, shut up, silly woman, said the reptile with a grin. Now you knew darn well I was a snake before you brought me in.'

Trump & Trumplicans' aim is to sow the seed of doubt in people's minds so that they slowly begin to distrust almost everything & thru the distrust slowly create a state of chaos & confusion to divert the people's attention away from their intention to tear America apart.

When Trump & his supporters only listen to the lies they tell themselves & one another & the lies are the ties that bind them then 'hitting bottom' & only then will they open their eyes to the lies they have told themselves & to others. Lies are their cunning baffling addiction.

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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. You mean the same Democrats who blocked for 4 years, then reversed every legislation the previous government did as soon as getting into Office? Set a good precedent didn't they. Do they think everyone has forgotten?
Source: Reuters - 🏆 2. / 97 Read more »

Factbox-How could U.S. Senate Democrats raise the debt limit on their own?Minority Republicans want the Senate to use a parliamentary maneuver known as budget reconciliation, which would allow Democrats to act without Republican votes. Majority Leader Chuck Schumer has resisted that approach, preferring the measure to pass in regular order. Maybe they should take some of the money from the bloated military budget. Duh. Maybe Democrats could use their majority and vote on raising the debt ceiling via reconciliation or end the 2/3 majority rule and then kill the debt ceiling itself. Democrats are in charge and unstoppable.
Source: YahooNews - 🏆 380. / 59 Read more »

Biden calls for Senate to vote on debt limit increase this weekPresident Joe Biden called Monday for a Senate vote this week on raising the country's debt limit, saying opposition from Republicans could create 'a self-inflicted wound that takes our economy over a cliff.” There's only an 'alarming price-tag' on Dem initiatives, not on GOP initiatives. GOP only does tax-cuts for the rich, which is as far as their imaginations take them, and they don't care what those cost! Republican politicians are protecting their billionaire owners interests. They definitely ain’t protecting us non-billionaires Asking for greater taxes and nobody is working is how to destroy a nation and currently the Democrats are doing that.
Source: YahooNews - 🏆 380. / 59 Read more »