There will only be six days, as of now, when both the Senate and House are in session and Biden is in Washington, D.C., before the United States will exhaust its abilities to pay its debts. The dates go from May 9 to May 16 before the president heads to Japan for the G-7 meeting and then to Australia. After May 16, either the Senate or the House is in session, but not at the same time.Time is not on the side of congressional leaders.
It is possible that the Senate could decide to cancel its weeklong recess leading up to Memorial Day, and the House could opt to stay in D.C. until the end of the month. White House press secretary Karine Jean-Pierre declined to tell reporters on Tuesday whether Biden would change his travel plans if a solution is not found.
House GOP leaders have taken a step toward raising the debt limit after the lower chamber passed McCarthy's Limit, Save, Grow Act of 2023 in late April. The bill would raise the debt ceiling by $1.5 trillion or through March 31, 2024, whichever comes first. However, the bill includes a number of conservative economic provisions criticized by the White House and top Democrats in both chambers.
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