With just days until a June 5 deadline, the Senate now is racing against time to pass the debt ceiling bill and avoid what would be an economically catastrophic default. But while Majority Leader Chuck Schumer said work would begin immediately after House passage Wednesday night, it’s rare for anything to get resolved quickly in […]
Tag: Debt ceiling bill
Many key questions about the debt ceiling bill
After months of back and forth, House Republicans and the White House this weekend unveiled a deal on raising the nation’s $31.4 trillion borrowing limit while implementing some caps on government spending and other policy changes. The legislation, which was released publicly on Sunday, will need to be approved by Congress within days to avert […]