https://sputnikglobe.com/20230430/house-and-senate-democrats-divided-over-debt-ceiling-talks-1109988589.html
House and Senate Democrats Divided Over Debt Ceiling Talks
House and Senate Democrats Divided Over Debt Ceiling Talks
Sputnik International
Divisions are deepening between House and Senate Democrats over whether the US president should reach a debt ceiling compromise with Speaker Kevin McCarthy.
2023-04-30T16:00+0000
2023-04-30T16:00+0000
2023-05-02T16:38+0000
americas
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kevin mccarthy
joe biden
debt ceiling
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Axios reported that it has learnt about a growing discord among Democratic lawmakers over the forthcoming debt ceiling raise on April 30. At the heart of the internal row is House Speaker McCarthy's borrowing limit plan.On April 26, House Republicans passed a bill to raise the nation's borrowing authority by $1.5 trillion, reduce spending levels for most recent federal programs and limit the growth of federal spending to 1% annually.The US press has already claimed that the measure, proposed by House Speaker McCarthy, "is dead on arrival" in the Democratic-controlled Senate.However, McCarthy's initiative prompted some House Democrats to think about a potential compromise. Nearly a dozen House Democrats stated publicly that they believe Joe Biden and McCarthy should sit and work out a compromise.In addition, the House Problem Solvers Caucus, which is made up of 31 Republicans and 32 Democrats, offered a bipartisan framework to raise the debt ceiling and cut the deficit last week.Still, Senate Democrats don't seem pleased with their House party fellows. Neither does the US president appear willing to discuss the debt ceiling issue with the GOP. Last week, McCarthy said he hadn't heard from Biden since they met in early February. At least one House Democrat has recently received a call from Senate Democratic leadership that demanded that House Dems tamp down their advocacy for talks, as per the US media outlet.Upper chamber Democrats are standing by Biden's refusal to accept anything less than a clean debt ceiling increase. According to them, the debt limit is non-negotiable. Likewise, they vehemently oppose any budget cuts.Joe Manchin (D-W.Va.) appears to be the only Democratic senator interested in talks over McCarthy's plan: "While I do not agree with everything proposed, it remains the only bill moving through Congress that would prevent default and that cannot be ignored," Manchin stated on Thursday.Meanwhile, dissent is continuing to grow within the Democratic camp. According to the US press, several House Democratic dissenters joined McCarthy's Middle Eastern trip this week and will most likely jump at the opportunity to discuss the debt ceiling issue with the speaker.The debt ceiling drama is currently gaining momentum given Treasury Secretary Janet Yellen's dark prediction that the government would be able to pay its bills only through early June, and that after that the US default on debt would trigger an "economic catastrophe."
https://sputnikglobe.com/20230428/house-passes-debt-ceiling-bill-will-this-save-the-economy-1109894042.html
https://sputnikglobe.com/20230428/us-debt-ceiling-bill-wont-stop-government-deficit-soaring-by-tens-of-billions-1109916231.html
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us debt ceiling, us borrowing limit, us budget cuts, us budget deficit, house speaker kevin mccarthy debt ceiling plan, gop debt ceiling bill, democrats debt ceiling talks, house and senate democrats, janet yellen us default on debt
us debt ceiling, us borrowing limit, us budget cuts, us budget deficit, house speaker kevin mccarthy debt ceiling plan, gop debt ceiling bill, democrats debt ceiling talks, house and senate democrats, janet yellen us default on debt
House and Senate Democrats Divided Over Debt Ceiling Talks
16:00 GMT 30.04.2023 (Updated: 16:38 GMT 02.05.2023) Divisions are deepening between House and Senate Democrats over whether the US president should reach a debt ceiling compromise with Republican Speaker Kevin McCarthy. While the former are calling for a bipartisan solution, the latter are insisting on a standalone debt ceiling increase. Who will win?
Axios reported that it has learnt about a growing discord among Democratic lawmakers over the forthcoming debt ceiling raise on April 30. At the heart of the internal row is House Speaker McCarthy's borrowing limit plan.
On April 26,
House Republicans passed a bill to raise the nation's borrowing authority by $1.5 trillion, reduce spending levels for most recent federal programs and limit the growth of federal spending to 1% annually.
The US press has already claimed that the measure, proposed by House Speaker McCarthy, "is dead on arrival" in the Democratic-controlled Senate.
The bill – titled the Limit, Save, Grow Act – triggered divisions within the GOP camp too, seeing Ken Buck of Colorado, Andy Biggs of Arizona, Tim Burchett of Tennessee and Matt Gaetz of Florida voting "nay."
However, McCarthy's initiative prompted some House Democrats to think about a potential compromise. Nearly a dozen House Democrats stated publicly that they believe Joe Biden and McCarthy should sit and work out a compromise.
Reps. Jared Golden (D-Maine), Mary Peltola (D-Alaska) and Marie Pérez (D-Wash.) wrote a letter to the president and the House speaker, arguing that, "It is time to end the partisan standoff and brinkmanship before it rattles markets, damages our economy, and hurts the American people."
In addition, the House Problem Solvers Caucus, which is made up of 31 Republicans and 32 Democrats, offered a bipartisan framework to raise the debt ceiling and cut the deficit last week.
Still, Senate Democrats don't seem pleased with their House party fellows. Neither does the US president appear willing to discuss the debt ceiling issue with the GOP. Last week, McCarthy said he hadn't heard from Biden since they met in early February. At least one House Democrat has recently received a call from Senate Democratic leadership that demanded that House Dems tamp down their advocacy for talks, as per the US media outlet.
Upper chamber Democrats are standing by Biden's refusal to accept anything less than a clean debt ceiling increase. According to them, the debt limit is non-negotiable. Likewise, they vehemently oppose any budget cuts.
Joe Manchin (D-W.Va.) appears to be the only Democratic senator interested in talks over McCarthy's plan: "While I do not agree with everything proposed, it remains the only bill moving through Congress that would prevent default and that cannot be ignored," Manchin stated on Thursday.
Meanwhile, dissent is continuing to grow within the Democratic camp. According to the US press, several House Democratic dissenters joined McCarthy's Middle Eastern trip this week and will most likely jump at the opportunity to discuss the debt ceiling issue with the speaker.
Pouring more fuel to the flames of the Democratic discord, McCarthy has recently claimed that "multiple House Democrats" told him privately that they consider Biden's refusal to negotiate "wrong."
The debt ceiling drama is currently gaining momentum given Treasury Secretary Janet
Yellen's dark prediction that the government would be able to pay its bills only through early June, and that after that the US default on debt would
trigger an "economic catastrophe."
