Posted on

Schumer seeks to fast-track debt ceiling bill through Senate


US Senate Majority Leader Chuck Schumer (D-NY) speaks during a news conference following Senate Democrat policy luncheons at the US Capitol in Washington, DC, on May 31, 2023.Mandel Ngan | AFP | Getty ImagesWASHINGTON — Senate Majority Leader Chuck Schumer will attempt to fast-track a bill through the Senate on Thursday to raise the debt limit for two years and cap government spending, as the U.S. barrels toward a June 5 deadline to avert a debt default.”The Senate will stay in session until we send a bill avoiding default to President Biden’s desk, we will keep working until the job is done,” Schumer, D-N.Y., said on the Senate floor at the opening of Thursday’s session. “Time is a luxury the Senate does not have if we want to prevent a default.”The Fiscal Responsibility Act was passed in the Republican-majority House late Wednesday night by an overwhelming bipartisa …

Read More