After October’s standoff over the debt ceiling, there have been signs that this month might provide smoother sailing.
Senate Majority Leader Chuck Schumer might be able to announce an agreement this week that will raise the federal borrowing limit and ensure the U.S. government avoids defaulting, according to analysts.
“Another option is to use the National Defense Authorization Act to lay out an expedited process for Democrats to raise the debt ceiling via reconciliation. Our expectation is that Schumer will announce some bipartisan path on the debt ceiling this week.” “A debt limit measure is also being eyed for potential inclusion in the NDAA,” Mills said in a note. “While chances are mixed for it to advance as part of the defense package, a combined bill would be another major breakthrough for the year-end agenda. This would leave Senate confirmations and the finalization of the BBB bill as the remaining items , which may play positively into the chances of BBB being finalized.
The Congressional Budget Office has estimated the Treasury would most likely run out of cash before the end of December if the debt ceiling isn’t raised, while the Bipartisan Policy Center has projected that the government is most likely to have insufficient cash to meet all its financial obligations sometime between Dec. 21 and Jan. 28.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bob Dole, Senate Leader and Presidential Candidate, Dies at 98Dole announced in February 2021 that he’d been diagnosed with stage 4 lung cancer.
Read more »
Senate Democrat says he'll settle for scaled-back gun control reform after Oxford shooting'I want universal background checks...but I will settle for something much less because that will save lives,' Senator Chris Murphy said.
Read more »
Democratic legislators call on Senate to take action on gun legislation following Michigan school shootingConnecticut Democratic Sen. Chris Murphy said he continues to work with his Republican and Democratic colleagues to pass gun safety legislation, especially after the deadly school shooting last week in Michigan.
Read more »
Bipartisan tributes flood in for 'giant of the Senate' Bob DoleRepublican and Democratic politicians, including former Senate colleagues, are sharing condolences and memories commemorating the life of Bob Dole, who passed away at 98 on Sunday morning.The big picture: Dole, the Republican presidential nominee in 1996, was the longest serving Republican leader in the Senate until 2018, when current Senate Minority Leader Mitch McConnell surpassed his record.Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for freeWha
Read more »
Bob Dole, giant of the Senate and 1996 Republican presidential nominee, diesBob Dole, a Republican Party stalwart and presidential hopeful who espoused a brand of plain-spoken conservativism as one of Washington's most recognizable political figures throughout the latter half of the 20th century, died Sunday.
Read more »
Biden touts prescription drug cost cuts in Build Back Better as bill faces uncertain Christmas deadline in SenateSenate Majority Leader Chuck Schumer said he hopes to hold a vote on the bill by Christmas, but he still needs the support of his caucus's centrist members.
Read more »