Tensions Mounting: House Dems On A Mission To Side-Step GOP On Debt Ceiling

By Vickie Ferguson | Sunday, 21 May 2023 05:15 AM
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For the first time in history, the United States is on the verge of debt default, according to a report by the National Review.

The back-and-forth conversations between Democrats and Republicans are still at odds as of Friday. According to the report, on Friday, all House Democrats were in agreement and had signed on to promote a plan that would force a vote to increase the debt ceiling. The plan would not include Republican House speaker Kevin McCarthy's spending cuts.

House Minority Leader Hakeem Jeffries led the charge to get a discharge petition signed to expedite a vote and bypass Republicans who were adamant about refusing to sign unless significant concessions on spending were included. As of Thursday, 210 House Democrats had signed on.

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For the measure to proceed, 218 House lawmakers need to sign it. As it stands now, there are 222 Republicans and 213 Democrats. Three Democrats have yet to sign the petition, and a minimum of five G.O.P. members would need to switch from "no" to "yes" to endorse a higher debt limit.

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The New York Times quoted Republican McCarthy denouncing the tactic as a "political game" that Democrats are playing in an effort to undermine the G.O.P. majority.

Biden and his administration insist any bill involving the debt limit must be "clean," or the bill can only contain the increase. Republicans, on the other hand, have bargained to get spending cuts in return for agreeing to raise the debt ceiling.

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Democrats are pushing forward the petition with a focus on pressuring Republicans to get past the sticking point and come to terms and agree with Biden.

On Wednesday, Jeffries sent a letter to Democratic colleagues: "In the next few weeks, at the reckless curing of former President Trump, we confront the possibility that right-wing extremists will intentionally plunge our country into a default crisis." "Emerging from the White House meeting, I am hopeful that a real pathway exists to find an acceptable, bipartisan resolution that prevents a default.

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The closer Congress gets to the June 1 deadline, America risks being downgraded in its agency ratings.

The Congressional Budget Office projects federal spending will increase, surpassing the G.D.P. ratio of 21 percent in 2019 before COVID to 23.7 percent for the current fiscal year.

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