Republican senators are panning Senate Republican Leader Mitch McConnell’s surrender to Democrats on the short-term debt ceiling increase following a gloating floor speech by Majority Leader Chuck Schumer that added insult to GOP injury.
The debt ceiling increase of about $500 billion through Dec. 3 passed the Senate last week and the House on Tuesday. Read More
The House on Tuesday voted to lift the debt ceiling by $480 billion, temporarily averting widespread economic calamity after weeks of partisan gridlock and sending the bill to President Joe Biden’s desk.
The House briefly interrupted its weeklong recess to pass a rule governing debate for three separate bills to which the ceiling raise was attached. It passed on a party-line vote given Republicans continuing opposition to lifting the ceiling. Read More