The stakes are high for both President Joe Biden and House Speaker Kevin McCarthy - and now each will have to persuade lawmakers in their parties to vote for it.
A critical deal to raise the nation's debt ceiling was announced over the weekend, and lawmakers in Washington now face one week to pass the bill in both chambers of Congress before the predicted deadline when default would begin.
That started a 72-hour countdown, which is the period of time McCarthy promised to his members to review the legislation before a vote in the House. If all three were opposed to the bill in committee, a Democrat would need to join the remaining Republicans to vote to advance the bill to the full House.May 31: House to voteThe number of votes needed to pass the legislation, if all members are present, is 218.
Democratic Rep. Pramila Jayapal of Washington, the chair of the Progressive Caucus, likewise on Sunday said congressional leaders should "worry" about garnering enough support from the group given qualms with the compromise with Republicans. Unanimous consent would allow the chamber to skip debate and quickly hold a vote, but it would take just one lawmaker to hold up proceedings.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Debt Ceiling Bill Will End Student Debt Pause Within 60 Days, McCarthy SaysSpeaker of the House Kevin McCarthy said the bill would end the pause on federal student debt payments 60 days after the bill was passed, accelerating the June 30 window for the pause to end.
Baca lebih lajut »
President Biden, House Speaker Kevin McCarthy strike tentative debt ceiling dealPresident Biden and House Speaker Kevin McCarthy have struck a tentative deal to raise the debt ceiling on Saturday night, sources close to the talks have said. The deal to raise the government&82…
Baca lebih lajut »
PolitiFact - Did Donald Trump rack up more debt than any other president?House Minority Leader Hakeem Jeffries, D-N.Y., said Donald Trump “ran up more debt than any other President in American history.” Actually, Trump’s predecessor, Barack Obama, accumulated the most debt, although Trump racked up debt at a faster pace.
Baca lebih lajut »
Asia markets set to mostly rise after U.S. reached tentative debt ceiling deal over weekendU.S. President Joe Biden and congressional leaders reached a tentative deal on raising the debt ceiling.
Baca lebih lajut »
US President Biden: This deal is good news for the American peopleUS President Biden: This deal is good news for the American people – by anilpanchal7 UnitedStates RiskAversion NewsTrading FiscalPolicy Politics
Baca lebih lajut »
Why Spending Cuts Likely Won’t Shake the EconomyWASHINGTON — The last time the United States came perilously close to defaulting on its debt, a Democratic president and a Republican speaker of the House cut a deal to raise the nation’s borrowing limit and tightly restrain some federal spending growth for years to come. The deal averted default, but it hindered what was already a slow recovery from the Great Recession. The debt deal that President Joe Biden and Speaker Kevin McCarthy have agreed to in principle is less restrictive than the one
Baca lebih lajut »