SHARE MARKET

Senate Democrats drafted a bill that would prevent a government shutdown


Multiple published reports say the Democratic-led Senate is expected to vote Wednesday on legislation that could avoid a partial government shutdown by funding the federal government after Thursday.

Republican senators have blocked a House-pass bill that would prevent a shutdown but also increase the limits of the federal orrow, providing a measure that would put pressure on Democrats to deal with only one shutdown.

Top House Democrats are advising that just such a thing is going on, with majority leader Stanley Hoyer saying Tuesday that leaders in his chamber were “talking to the Senate about that.”

Read: What would happen if Washington did not close the official shutdown

Senate Minority Leader Mitch McConnell, a Kentucky Republican, has repeatedly argued that Democratic lawmakers should go it alone to lift the limit through a process known as budget reconciliation, as they work to pass a পরিকল্পনা 3.5 trillion spending plan without GOP. Voting Democrats have maintained that the increase should be through an ideal process, and Democrat House Speaker Nancy Pelosi of California has been told it is providing a “Trump credit card.”

Related: Yellen says Congress must raise or suspend debt by October 18

And see: What if the United States defaults on its own?

Meanwhile, Pelosi and other top Democrats are also facing pressure from progressive colleagues who said they would not support the $ 1 trillion bilateral infrastructure bill that the Senate passed unless the party’s 3.5 3.5 trillion package goes ahead.

Read more: Here’s what’s in the Bilateral Infrastructure Bill that aims to pass the House – and how to pay for it.

US stock DJIA,
+ 0.10%
The S&P 500 looked at the track for a rebound on Wednesday in the wake of the SPX,
+ 0.20%
The biggest percentage decline in four months



Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button