Senate minority leader Mitch McConnell (R-KY) attends a Republican press conference and opposes the Democratic tax increase and possible government bonds at the US Capitol in Washington, DC on August 4, 2021. I did.Reuters / Evelyn Hoxtine Washington, August 5 (Reuters)-US Senate Republican leader Mitch McConnell said Thursday that the Democratic Party should vote to
Washington, August 5 (Reuters)-US Senate Republican leader Mitch McConnell said Thursday that the Democratic Party should vote to raise its debt cap as the federal government approaches its borrowing capacity. rice field.
“If they don’t need or want our opinion, they can’t get our help. They … these reckless (spending) plans require debt restrictions. We can’t get our help on the hike, “McConnell said. Senate floor.
Democrats vote for a $ 3.5 trillion budget adjustment bill that incorporates social initiatives and items to combat climate change that they say aren’t properly addressed in another $ 1 trillion bipartisan infrastructure package I am planning.
Despite controlling the meeting rooms of both parliaments with a small margin, the Democratic Party can pass the settlement bill without Republican support.
Budget voting took place before the United States was expected to run out of borrowing power in October, and the Treasury has already taken steps such as suspending investment in employee health insurance funds to maintain government borrowing power. I have announced. read more
Failure to approve an increase in the statutory debt limit, which is currently $ 28.5 trillion, could lead to the closure or default of another federal government.
Report by Makini Bryce and Susan Cornwell. Edited by Jonathan Oatis and Cynthia Osterman
Our criteria: Thomson Reuters Trust Principles.
Democrats Should Raise US Debt Caps On Their Own-McConnell
Source link Democrats Should Raise US Debt Caps On Their Own-McConnell
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