Senate Republicans joined Democrats on Sept. 30 to pass a stopgap law to fund the government by December. The official shutdown could begin in the early hours of October 1. An official shutdown.
However, the system has failed to address the debt limit, which Republicans have said they will not vote to raise.
On Sept. 27, Republicans voted in favor of a bill that would increase the on-line limit, with a 50- to vote to end the debate on the bill.
The law would cost billions of new dollars for the ongoing crisis since Hurricane Ida and the hasty evacuation of thousands of Afghan special migrants. Under further pressure, it extended the deadline for government funding to Dec December.
Senate Minority Leader Mitch McConnell (R-Ky.) Insisted that Republicans support these elements of the bill, but would not vote for any measure that would increase the measure.
Republicans still oppose raising the threshold
In a bid to avoid a shutdown, Democrats have introduced a new “clear” stopgap bill that will not raise the debt limit. As with previous bills, the newly passed Stopgap will provide billions of dollars for hurricane relief and the Afghan special immigration crisis, as well as extend government funding deadlines.
The bill was passed in the Senate on Sept. Sept., just hours before the official shutdown began, with a 5-5–5 vote passing through the upper house.
While McConnell was content to pass a clear bill to avoid a shutdown, he, like Sen. Ted Cruz (R-Texas), insisted that the party would not support raising the debt limit.
“With the government funding, what the Republicans kept was a clear ongoing solution without the poison pill of increasing the limit. That’s exactly what we’re going to pass today,” McConnell said before the vote.
Senate Majority Leader Chuck Schumer (DNY), who introduced the new stopgap in the Senate, said of the vote: “It’s a good result. I’m glad we’re doing it. But, of course, we have more work to do.
Treasury Secretary Janet Yellen has said that while the Treasury is using “extraordinary measures” to keep the government from funding, these measures will expire and the government will be forced to default by mid-October if the limit is not increased. Yellen warned it would be “catastrophic”, an assessment by financial analysts at Moody’s and JPMorgan Bank.
Sen. The petition said Democrats were on “unprecedented deficit spending” and Republicans said they refused to enable such spending by raising the debt limit.
Instead, Republicans insisted that Democrats use the reconciliation process if they want to raise the bar.
The reconciliation process is one that allows some bills related to federal revenue and spending to exceed the 60-vote threshold that is usually needed to start a debate on a bill in the Senate. Currently, Democrats are using the process to advance their controversial budget, which has a top-line value of 3.5 3.5 trillion.
Johnson argued in his appeal that the Democrats “have the power … to unilaterally raise the debt limit. [through reconciliation], And they should not be allowed to pretend otherwise.
At a news conference on Sept. 2, Schumer rejected the move.
“Going through reconciliation is risky for the country and it’s not a starter,” he said, adding that using reconciliation to increase the debt limit is “very, very risky” and “we’re not pursuing it.”
Cruz, who joined his party to block the two-party September bill, insisted that Republicans would maintain their resistance.
“I fully hope Schumacher will surrender,” Cruz said. “And he’s going to do what he could have done weeks or months ago, whatever [to raise] Debt limit using democratic vote [through reconciliation]. Accordingly, the Democrats will bear the burden of the trillion debt they are imposing on the country.
This News Originally From – The Epoch Times