NEW: Senate Democrats have released a $3.5 trillion spending bill, which would include spending on climate, child care and social services. They plan to pass it without any Republican votes.
for Senate committees to write different sections of the final spending bill as it relates to their policy areas.
The resolution provides a target date of Sept. 15 for the committees to submit their reconciliation legislation.Language that would lift the debt limit. This means Senate Democrats face an ugly fight with Senate Minority Leader Mitch McConnell and Republicans, as they'll need at least 10 GOP votes to meet the 60-vote requirement under regular order.Earlier today, Treasury Secretary Janet YellenThe agreement reached by Schumer and the White House states the $3.
It also prohibits new taxes on families making less than $400,000 per year and on small businesses and family farms.Here's a breakdown of how much money is allocated to each committee to enact certain policies. At least $1 billion in deficit reduction. "This will provide the Committee with flexibility to make investment, revenue and offset decisions consistent with the policy recommendations," the instructions state.
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