On Monday, the Senate met to vote on an ongoing resolution by House Democrats to fund the government through December and provide emergency aid for areas affected by Hurricane Ida and Afghan refugees. In a largely party-line vote, the upper house failed to meet the 60-vote threshold to begin debate on the resolution, a move that led to the bill refusing to vote.
The 49-50 vote came after a tense political situation in Washington for more than a month.
In early August, a group of 46 Republicans led by Sen. Ron Johnson (R-Wis.) devised a new strategy that would force congressional Democrats to bear the brunt of the blame for raising the threshold. Nearly every Republican senator in the body signed a petition made by Johnson, promising not to vote for an increase in the debt limit.
“We, the undersigned Republican senators, are telling Senate Democrats and the American public that we will not vote to raise the debt limit, whether that increase comes through a stand-alone bill, an ongoing resolution, or any other vehicle. ”, read the letter.
Republicans Demand Democrats Go It Alone Loan Limit Increase
Johnson and other Republicans have since insisted that Democrats should not allow the nation to default under any circumstances, but have insisted that Democrats with a majority in both houses have their way through the reconciliation process. Dum had the power to extend the limit. The process, which allows legislation in the Senate to avoid death by filibuster, is at the core of Democrats’ plans to pass a $3.5 trillion budget proposal without Republican support.
In the petition, Johnson argued that Democrats “have the power to unilaterally raise the debt limit”. [through reconciliation], and they should not be allowed to pretend otherwise.”
Senate Minority Leader Mitch McConnell (R-Ky.) made the same point on the Senate floor Monday, noting that Democrats “have all the tools they need” to raise the debt limit to fund their bill. .
Still, it is a path the Democratic leadership has been loath to take. Some surveys have shown that raising the debt limit is unpopular with the American people (PDF).
Earlier in the month, Speaker of the House Nancy Pelosi (D-Calif.) explicitly rejected including debt limits in the reconciliation bill.
Instead, Democrats insisted that it would be irresponsible on the part of Republicans not to raise the debt limit. Many, including Pelosi and Senate Majority Leader Chuck Schumer (D.N.Y.), often reference the warnings of Treasury Secretary Janet Yellen, who predicted that the consequences of not raising the debt limit would be “disastrous.” Democratic leaders often pointed to their party’s willingness to raise the debt limit under President Donald Trump.
Democratic leaders also accused Republicans of bluffing. President Joe Biden said of the Republican threat: “No. They will not let us miss. $8 billion—$8 trillion of that is under Republican surveillance.” Senate Majority Leader Chuck Schumer (DNY) simply said, “I can’t believe Republicans will let the nation default.”
Rather than include an increase in the debt limit in the reconciliation, Democrats quickly drafted a sustained resolution in mid-September, a move that would have given Congressional leadership much-needed time to negotiate with Republicans through December. was designed for. The bill would also have ordered billions of new spending to address the ongoing Afghan special immigration crisis and the consequences of Hurricane Ida.
A debate on the measure required 60 votes, a threshold the rebellious Republicans readily rejected the Democrats. With this vote, Republicans effectively killed the law, forcing Democratic leaders to return to the negotiating table.
And the clock is ticking for Congress to avert a default. Although the Treasury has resorted to “extraordinary measures” to keep US obligations afloat, Yellen has said the federal government will run out of money completely by October without moving forward from Congress to issue new bonds.
A debt limit increase is absolutely essential to Democratic policy priorities, as they delegated $1.9 trillion to the CCP (Communist Party of China) virus relief earlier this year and spent nearly $4.7 trillion more in their infrastructure and budget package. expected to do.
In addition, without an increase in the debt limit, the US government would default for the first time in its history. Financial analysts at JPMorgan and Moody’s have joined the Treasury secretary in warning against such an outcome, but Republicans have stuck to their demands.
Schumer predicted the final result of the vote, saying that “after today, there will be no doubt which party is working to solve the problems facing this country and which party is giving us an unnecessary, Leading to avoidable disaster.”
McConnell shot back, accusing Democrats of “wanting”[ing] To use this temporary pandemic as a Trojan horse for sustainable socialism.”
He said of the debt limit that “for ten weeks, Democrats have known what kind of government funding legislation could pass the Senate and what kind would fail.” He continued: “Republicans are not implicated for shutdowns or debt limit violations. We have given a united democratic government complete clarity on how each can be avoided.”
After the vote, Schumer said the Republican Party “has become the default party.” Senate Republicans, he said, are “playing the game with the full confidence and credit of the United States.”
Schumer also said that Democrats “will take action this weekend” to avoid default.
This News Originally From – The Epoch Times