Lawmakers and party leadership will be forced to grapple with the debt ceiling’s ticking time bomb and a host of shifting political dynamics when the Senate returns from its May recess on Tuesday.
Top of mind for the Senate is the bill that House negotiators brokered with the White House to end the debt limit impasse. That legislation is expected to head for a vote in the lower chamber on Wednesday, putting pressure on the upper chamber to consider it in short order.
Senate Majority Leader Chuck Schumer (D-NY) has told his members to prepare for a vote Friday. That’s three days before the so-called “X-date” in which Treasury Secretary Janet Yellen has projected the government will run out of cash to meet all of its obligations on time.
However, some Republican members are already souring on the measure. Sen. Mike Lee (R-UT) threatened to “use every procedural tool at my disposal to impede a debt-ceiling deal that doesn’t contain substantial spending and budgetary reforms.”
Read more at Washingtonexaminer.com
What Are Your Thoughts?
