December 26, 2024
Image default
Politics

Deal to avert U.S. default, raise debt limit faces test in Senate

Published by
Reuters

By Richard Cowan and David Morgan WASHINGTON (Reuters) -A deal between the U.S. Senate’s top Democrat and top Republican to help raise the federal government’s $28.9 trillion debt limit will be tested Thursday when the chamber votes on the measure. The House of Representatives on Tuesday approved an unusual bill, agreed to by Senate Majority Leader Chuck Schumer and Minority Leader Mitch McConnell, to sidestep the Senate’s “filibuster https://www.reuters.com/world/us/what-is-us-senate-filibuster-why-is-everyone-talking-about-it-2021-10-06” rule and ultimately raise federal borrowing authority …

Read More

Related posts

Democrats struggle to reach deal on Biden’s $1.75 trillion social spending bill

The_Proponent

The End of Net Neutrality: Why You Should Care

The_Proponent

Dollar stronger as inflation worries dampen risk sentiment

The_Proponent

Surge in US jobless claims underscores need for stimulus

The_Proponent

Biden Supreme Court pick Jackson meets lawmakers who will oversee her confirmation

The_Proponent

The Mixed Reality of America’s Wallets

The_Proponent

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.