Senate Majority Leader Chuck Schumer, D-N.Y., looks over his notes as he talks to reporters about his plans for a procedural vote on the infrastructure deal. / PHOTO: Associated Press (Headline USA) Senate Democrats accused Republicans Wednesday of a “shameless, cynical” ploy that would damage the economy and the government’s credit rating after the chamber’s GOP leader said his party would vote against raising the federal debt limit.
In the latest chapter of a broad budget battle likely to linger well into autumn, Democrats reacted after Senate Minority Leader Mitch McConnell , R-Ky., said he believes all Republicans will vote against renewing Washington’s ability to borrow money. The government, which has run huge budget deficits for years, needs to borrow cash constantly to pay its debts, but its legal authority to do that expires July 31.
To overcome a Senate GOP filibuster of legislation raising the debt limit, the chamber’s 50 […]
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JD Rucker – EIC