“So, the time has come for the president to sit down with the House and be a leader.” “Nobody wants to see the United States government have to change the name of the Department of Treasury to the Department of Debt because there’s no longer any treasury there,” Sen. McCarthy (R-Calif.) has vowed not to pass any debt ceiling bill without concessions in exchange, and his Republicans cleared a package last week that offers a slew of them - all enacting conservative priorities, on topics from energy to Biden’s student loan relief plan. Any discharge petition would require at least five Republicans to sign on in order to bring a bill to the House floor if it has sat in committee for more than 30 days. His announcement came one day after the Treasury told lawmakers that the government could run out of cash by the beginning of June. “It is now time for MAGA Republicans to act in a bipartisan manner to pay America’s bills without extreme conditions.” “The filing of a debt ceiling measure to be brought up on the discharge calendar preserves an important option,” Jeffries wrote in a letter first reported by the New York Times. Jim McGovern (D-Mass.), had taken the first steps toward a discharge petition on a debt limit increase with no added conditions designed to win over Republicans. Jeffries announced to House Democrats in a Tuesday letter that their party’s top member on the Rules Committee, Rep. Yet the chances of that happening appear slim at the moment, with Republicans demanding massive federal funding cuts in exchange for raising the borrowing limit and GOP leaders refusing to decouple spending from debt. If the Senate passes a clean debt limit increase, Congress could use the House GOP’s fiscal bill as a potential vehicle for a bipartisan government funding deal, Schumer said Tuesday. Senate Democrats will decide whether to put a clean debt ceiling increase up for a vote after the White House meeting on May 9, Schumer told reporters Tuesday. Tillis described a Senate vote on a clean debt ceiling hike through the 2024 election, which Majority Leader Chuck Schumer is considering, as a “gimmick” and a “waste of chamber time” given the certainty of a GOP filibuster. That bill would lift the nation’s borrowing cap by $1.5 trillion or through March 2024, whichever comes first, while slashing $130 billion in government funding and tightening work requirements for federal benefits. No matter what compromise Biden can stomach, Tillis added, “there’s no question that” it would lose votes from House Republicans who supported McCarthy’s conservative opening bid last week. “And a counteroffer cannot be a clean debt ceiling.” Senate Minority Leader Mitch McConnell confirmed that he will attend next week’s White House meeting while stressing that a deal must be struck by Biden and McCarthy: “There is no solution in the Senate.”īiden must “make a counteroffer” during next week’s scheduled meeting with both parties’ top Hill leaders, Sen.
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