Lawmakers and party leadership will be forced to grapple with the debt ceiling's ticking time bomb and a host of shifting political dynamics when the Senate returns from its May recess on Tuesday.
Top of mind for the Senate is the bill that House negotiators brokered with the White House to end the debt limit impasse. That legislation is expected to head for a vote in the lower chamber on Wednesday, putting pressure on the upper chamber to consider it in short order.Senate Majority Leader Chuck Schumer has told his members to prepare for a vote Friday.
Looming over the debt ceiling deal is Yellen's June 5 deadline. Should the Senate fumble the debt limit deal, it could be detrimental to the economy, given the risks of a default. Many progressives dissented over the reform, and Congress did not pass the full scope of what he sought. But now, Manchin appears to be getting some of what he wanted on that front in the debt ceiling deal. Notably, the deal also includes a provision to expedite the completion of the Mountain Valley Pipeline, something that Manchin has also advocated.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Debt ceiling agreement gets thumbs up from business groups, jeers from some on political rightThe reviews are starting to come in as details emerge about the debt ceiling agreement reached by President Joe Biden and House Speaker Kevin McCarthy. Already, some lawmakers are criticizing the deal as not doing enough to tackle the nation’s debt, while others worry it’s too austere and will harm many low-income Americans. The legislation will probably need support from a significant number of lawmakers from both parties to clear the closely divided House and gain the 60 votes necessary to advance in the Senate. Many lawmakers say they are withholding judgment until they see the final details.
Les mer »
GOP senators trash Biden and McCarthy's debt limit deal as deadline nearsSeveral GOP senators trashed President Joe Biden and House Speaker Kevin McCarthy's (R-CA) debt ceiling deal, signaling more possible defections of the effort to avert a default.
Les mer »
Lindsey Graham placed on wanted list as Russia threatens 'killing senators'Russia has criticized remarks the South Carolina Republican appeared to make during a visit to Kyiv last week.
Les mer »
No teacher raises, no vouchers: Lawmakers fail to reach compromise on school funding billThe end of the multibillion-dollar school funding bill is a bittersweet victory for public education advocates who vehemently oppose school voucher programs but lament that schools won’t get additional funds to pay for teacher raises or balance budgets.
Les mer »
No teacher raises, no vouchers: Lawmakers fail to reach compromise on school funding billThe end of House Bill 100 is a bittersweet victory for public education advocates who vehemently oppose school voucher programs but lament that schools won’t get additional funds to pay for teacher raises or balance their budgets.
Les mer »
Suddes: Ohio lawmakers are not conservatives.They are power monger at war with AmericaOne by one, the General Assembly is making war on the common institutions that make Americans Americans, and Ohioans Ohioans, Thomas Suddes writes
Les mer »