Schumer announces they've reached a deal on short-term debt ceiling increase through early December

Everyone seems to agree the US debt ceiling should be raised to pay for tax cuts and spending the government has already approved — and to avoid the economic calamity that would likely result from a US default. But Congress is tied up in knots.

There are a growing number of creative solutions being thrown around as the parties stick to their guns and tempt economic calamity.Ha! I'm listing this as the most fanciful, most unbelievable, least likely way to pay the nation's debts because that's the partisan space we're in at the moment. Bipartisan agreement is the way Capitol Hill should work. But Capitol Hill doesn't work right now. Republicans could simply allow an up or down vote by Democrats.

Biden, who served decades as a senator and has been loathe to get rid of the filibuster, said a one-time suspension is"a real possibility." What makes it unlikely is there are a number of Democrats, like Sen. Joe Manchin of West Virginia and Sen. Kyrsten Sinema of Arizona, who oppose ending the filibuster. Where they stand on this one-time idea to save the economy is not clear. The truth of the matter is that once somebody ends the filibuster for one thing, it's going to be a short while before it's gone for everything.

The debt we're talking about here has already been authorized by law in the form of tax cuts and spending bills, right? Previously, Congress has been called on to raise the debt ceiling with laws. So this would be a complete reinterpretation. Courts would undoubtedly be asked to weigh in. But not until Biden issues an order to suspend the debt. The closer we get to Oct. 17, the more attractive this will be.This is the most discussed path, so that could make it most likely.

Thank you！

It should not even have a cap on spending u never no when times like this pops up

BET THIS WON’T HAPPEN IN DECEMBER 😡😡😡 TO MANY ANGRY PATRIOTS BECAUSE MITCH CAVED . WE DON’T BELIEVE THAT WILL HAPPEN AGAIN 🚂✝️🇺🇸🙏💕 LIKE MITCH SAID, “ THEY HAVE THE VOTES 🗳 TO PASS THIS ON THEIR OWN, AND HAVE HAD SINCE JULY TO DO SO.” 😂😂😂👏👏👏NOW GET BUSY DEMOCRATS 😂😂

Good night, and good luck 😞 DebtCeiling

Guess we'll go thru this again right before Christmas.

well raise my rent at flea bag flop house but pay moocher brains rent

So nothing gets done screwing around again in 2 months - obstruction of bills

... speaking of an axe to grind StephenAtHome why we no longer visit cnn dot com

Can someone tell me why the Dems are counting on 2 senators instead of trying to get some Rhinos on their side

So Chuck won the kickbacks this time. Do you think he will by a beach house with his proceeds? Maybe he is buying Bitcoin? Either way guaranteed the senators are gaining and citizens are getting railed

So we have to deal with this BS again in another two months. Lol

dumb move.

This isnt exactly a win. Both sides are playing with our lives and this taxpayer is sick and tired of these bs political games that they want to play with each other.

McConnel wins. Democrats now need to give a hard number how how much they need for the bill and what the reql cost is after harboring it costs nothing

I have never borrowed a penny in my life. Earned first, spent afterwards. Always stayed within my budget. Governments could learn from people like myself instead of building Ponzi schemes.

Zweli sagefemmecodenoir CdiscountRegaleNous

That's a bandaid then in December it will be same crap again to argue over. Republicans are controlling whole deal because democrats can't find their balls

The Democrat leaders aspire to be like a dictatorship, with every rank-and-file legislator bowing down and saying 'yes'.

Perfect. Just in time for Santa to renegotiate. Somehow this guy is still stuck at $7.25/hr

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Schumer: Deal reached to extend debt ceiling until early DecemberSenate Majority Leader Chuck Schumer has announced Democrats and Republicans have reached a short-term deal to avert the U.S. defaulting on its debt. This is not a deal. The Republicans need to do the job they were elected to do. So the GOP threw you a bone to make themselves look good and you took it! Joe Manchin gets to be center of attention again in two months. They now need to work on decreasing the national debt of about $28 trillion.
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Democrats expected to take short-term debt ceiling increase, reject GOP reconciliation offerthanks Pay down your debts. Shut down the government. Pay no politicians until next summer. Cut welfare spending drastically.
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Schumer Says Deal Reached on Short-Term Debt-Limit ExtensionSenate Majority Leader Chuck Schumer said he reached a deal with Republicans to defer a showdown over the debt ceiling until December, in the face of mounting concerns over a possible government default. Schumer was told 2 months ago that Reps would not vote for raising the debt ceiling and the Dems needed to use Senate procedure to get it through. The procedures take a few months to do. Now Reps extend 2 months for the Dems to try to get their act together and pass the bill. One difficulty is gone, but another one is coming. The big Republican LIE: Tax cuts on the rich will trickle down. 40+ years of Republican tax cuts have caused a wealth increase of 8.7% among the top 1% and 8.7% loss among the 99%. 8.7% = $11.26 Trillion. Biden wants $3.5 Trillion for the 99%. Tax the 1%. Source: Federal Rsv.
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Schumer announces deal to extend debt ceiling into December, averting defaultJUST IN: Senate Majority Leader Schumer announces agreement to extend the debt limit through early December, temporarily ending a partisan standoff just 11 days before the government's deadline to avert default. Ok Chuck. Now let’s understand this, it’s not the responsibility of the US taxpayers to subsidize the employees of companies to cheap to pay them a livable wage. Just raise the minimum wage and those cheap companies will just rebalance their payroll! Morning_Joe So, McConnell wants the D's to use reconciliation because he wants the D's to place a dollar figure on the debt limit so it is owned by the D's. Even though 8 Trillion of the debt has been incurred by the R's tax give away to the top 1%. You have to admit, Mitch has no shame. Morning_Joe No solution here. Just kicking the can down the road. And in December, we’re back to the same dilemma and fight.
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Senate moves toward short-term debt-ceiling agreementThe Senate was close Wednesday evening to a short-term deal to raise the debt limit, postponing for a few months a showdown over how to craft a longer-term extension of the nation’s borrowing cap.
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