Monday, October 25, 2021

Democrats scrap debt ceiling bill to avoid federal government shutdown

29 September (WNN) — Democrats in Congress said on Wednesday they have a resolve to keep the federal government funded and avoid a shutdown beginning at midnight on Thursday, meant to separate it from a more controversial attempt to suspend debt limits Is.

Senate Democratic leader Chuck Schumer said the upper house could vote on a continuing motion to fund the government on Wednesday or possibly Thursday.

The resolution will pay the government to continue operations through December.

“With so many important issues to be addressed, the last thing the American people need right now is a government shutdown,” Schumer said. “This proposal will prevent anyone from happening.”

The existing government funding will end on Friday at 12:01 am. If the shutdown occurs, it would temporarily shut down many non-essential government functions, and potentially disrupt payments to thousands of federal workers and Social Security recipients.

“The Senate may take action as of today to address a concern that demands the immediate attention of this chamber — funding to the federal government beyond Sept. 30,” Schumer said on the Senate floor on Wednesday.

“Senate Democrats will introduce an ongoing motion to prevent a government shutdown that keeps the government open until early December, while still providing long-sought emergency funds to help Americans recover from natural disasters this summer.” provides.”

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Democrats initially tied the funding measure to a bill to suspend debt limits until next year, which Republicans have almost universally opposed. If the debt limit is not suspended or extended by mid-October, the United States could begin to default on some of its debt obligations.

Schumer said that once the resolution is passed in both houses, it will be sent to President Joe Biden for signature. Biden on Wednesday canceled a stay in Washington, DC and a trip to Chicago to help facilitate the effort.

A responsible federal budget committee said about 850,000 non-postal federal workers were fired during the partial shutdown in 2013 and 2018.

Federal employees are not allowed to work during the shutdown and are not paid while they are away from the job. They may finally get their pay back after the shutdown ends.

Treasury Secretary Janet Yellen warned Congress this week that it must keep the government running and address the debt limit. She said the loan limit should be extended or suspended till around October 18.

The US government has never defaulted on its debt obligations before. Republicans and Democrats both agreed to suspend debt limits several times under former President Donald Trump, when the GOP controlled at least one chamber of Congress.

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