20.68 F
Springfield
January 31, 2023
Image default
Politics

U.S. Senate to vote Tuesday on raising government’s debt limit

Published by
Reuters

WASHINGTON (Reuters) -The U.S. Senate will vote on Tuesday to raise the federal government’s $28.9 trillion limit debt limit, avoiding an unprecedented default as soon as later this month, Senate Majority Leader Chuck Schumer said on Monday. “The Senate will act tomorrow to prevent default,” Schumer, a Democrat, said in a speech to the Senate. Senate Republicans had resisted voting on the debt ceiling for months, seeking to link the move to President Joe Biden’s proposed $1.75 trillion “Build Back Better” domestic spending bill that Republicans oppose. Democrats note the legislation is needed …

Read More

Related posts

U.S. discussing joint reserves release with China, others in aim at OPEC

The_Proponent

U.S. job growth misses expectations in November; unemployment rate dives to 4.2%

The_Proponent

Kanye West Concedes Election Loss Having Received Just 60,000 Votes, Sets Sights On 2024 Election

The_Proponent

U.S.-Canada bridge reopens after police clear protesters

The_Proponent

Martin Luther King III Criticizes Sinema, Urges End To Filibuster

The_Proponent

US indicts founder of far-right Oath Keepers for sedition in Capitol attack

The_Proponent

Leave a Reply

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

%d bloggers like this: