While Congress does not technically need to raise the debt ceiling until the summer, there will only be six days, as of now, when both the Senate and House are in session and Biden is in DC, before the US will exhaust its abilities to pay its debts.
There will only be six days, as of now, when both the Senate and House are in session and Biden is in Washington, D.C., before the United States will exhaust its abilities to pay its debts. The dates go from May 9 to May 16 before the president heads to Japan for the G-7 meeting and then to Australia. After May 16, either the Senate or the House is in session, but not at the same time.Time is not on the side of congressional leaders.
It is possible that the Senate could decide to cancel its weeklong recess leading up to Memorial Day, and the House could opt to stay in D.C. until the end of the month. White House press secretary Karine Jean-Pierre declined to tell reporters on Tuesday whether Biden would change his travel plans if a solution is not found.
House GOP leaders have taken a step toward raising the debt limit after the lower chamber passed McCarthy's Limit, Save, Grow Act of 2023 in late April. The bill would raise the debt ceiling by $1.5 trillion or through March 31, 2024, whichever comes first. However, the bill includes a number of conservative economic provisions criticized by the White House and top Democrats in both chambers.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Biden will talk budget but won't negotiate debt ceiling in Congress meetingPresident Joe Biden will not negotiate over the debt ceiling during his meeting with four top congressional leaders on May 9, but he will discuss starting 'a separate budget process' to talk about spending priorities, the White House said on Tuesday.
Baca lebih lajut »
Biden tells White House guest to ‘hush up, boy’ at Eid receptionPresident Biden made a happy occasion awkward Monday night after telling a White House guest to “hush up, boy” during an event marking the Islamic holiday Eid al-Fitr. During the lively reception c…
Baca lebih lajut »
Muslim group demands Biden apologize to mayor blocked from White House’s Eid al-Fitr celebrationMuslim community leaders on Tuesday demanded President Biden publicly apologize to a longtime Muslim mayor from New Jersey who was abruptly blocked from attending the White House’s Eid al-Fitr celebration.
Baca lebih lajut »
Muslim New Jersey mayor denied entry to White House calls for Biden end to 'discriminatory' practices'This is an unintelligent dragnet,' Mohamed Khairullah said at a news conference
Baca lebih lajut »
Joe Biden took 2011 White House campus meeting with three Hunter associates, emails showPresident Biden and one of his top aides met with three of Hunter Biden’s business associates on the White House campus in the summer of 2011, according to emails reviewed by The Post — furth…
Baca lebih lajut »
Biden sticks with refusal to negotiate debt limit with House Republicans as country faces defaultThe White House said Tuesday that President Biden is not budging in his refusal to trade spending cuts with House Republicans in exchange for Congress lifting the federal debt limit, despite the country being less than a month away from default.
Baca lebih lajut »