Democrats and Republicans heading for US debt cap clash

Texas News Today

FILE PHOTO: The American flag is flown outside the dome of the US Capitol in Washington, US, on January 15, 2020. Reuters / Thomson Brenner / File photo

September 20, 2021

Richard Cowan

WASHINGTON (Reuters) – Top Democrats in the US Congress on Monday aimed to continue funding the government and boost its borrowing power with a bill in the coming days, and not approve any loans, they said. He would set up a confrontation with the Republican Party. swore that

Speaker of the House Nancy Pelosi and Senate Leader Chuck Schumer will also decide on a bill that must be passed by October 1 to avoid a third partial government shutdown in the past decade 2022. limit will be suspended. . Which party controls the parliament?

Senate Republicans oppose increasing federal borrowing power. Schumer and Senate Republican leader Mitch McConnell both used the term “disastrous” to describe the potential economic and financial implications of failing to raise the threshold, but Republicans. Said that he does not support raising the limit without cutting spending.

Dick Durbin of the Second Senate Democratic Party told reporters he was concerned about a possible historic US lapse.

“I know that Senator McConnell ignores the consequences when making these statements,” Durbin said.

Schumer and Pelosi said in a statement that the government’s provisional funding would be extended through December 31, and lawmakers would give more time to pass spending bills that go into effect on September 30, 2022. said.

The bill would also provide funding to address recent natural disasters, including floods and wildfires, in many parts of the United States. It also includes funding to support the recent resettlement of Afghan refugees.

Independent debt-restriction bills with Republican support for future deficit reduction measures or debt-restriction restructuring, because the debt-restriction battle could hinder the passage of multi-faceted bills, expressed expectations that could be made.

Democratic Senator Patrick Leahy, who chairs the Senate Spending Committee and oversees government spending, needs a 60 out of 100 vote in the meeting room to move legislation that Republicans oppose. As such, he told reporters that a vote to pass the joint action is unlikely to take place. ..

“I don’t know what will happen,” Leahy said.

“Bilateral Responsibility”

Republicans did not agree on how to respond to the joint bill.

Louisiana Republican Senator John Kennedy, who was hit by a hurricane, said he was likely to vote for a combination of government funding and debt relief if disaster relief was involved.

However, Kennedy predicted that such measures would not find enough Republican support to clear the procedural vote, and that the combined bill would “fall like a fat man.” “.

Republican Senator Chuck Grassley is in debt if the Democratic Party skips the procedural step, which requires a majority of 60 votes, and seeks unanimous consent to pass the bill with a simple majority. He said he could avoid liability for cap and government-funded voting failures.

“Republicans don’t want to shut down the government, so go ahead with 50 votes. You don’t have to get 60 votes,” Grassley told reporters.

So far, the Democratic Party has rejected McConnell’s proposal to pass debt sanctions through a budget adjustment bill, which the Democratic Party would pass under special procedures without Republican support.

They argue that raising the credit limit should be a bipartisan effort.

“Everyone who says this is a Democratic debt is not stating fact, it is talking about fiction. Both sides are responsible for paying off the debt we have already incurred,” Schumer told the Senate.

President Joe Biden has backed the Democratic Party’s strategy.

“This is a bipartisan responsibility, as was under my predecessor,” Biden said on Twitter. “You will not be allowed to block it.”

After Schumer spoke, McConnell reiterated his opposition to raising the loan limit.

“Democrats have decided to do it alone, so they can’t get Republican help to raise their debt limit,” McConnell said. He referred to Biden’s $3.5 trillion domestic investment program aimed at Democrats seeking to address Republican opposition through a deal.

Democrats supported a three-fold increase in the debt limit during the administration of Republican President Donald Trump.

The current debt cap is $28.4 trillion.

(Reporting by Richard Cowan, Donna Chiacu, Susan Cornwell, David Morgan, Editing by Scott Malone, Chris Reese, David Gregorio, Aurora Ellis)

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