House Democrats Bill to Suspend Debt Limit Likely to Fail in SenateEpoch Times, United States politics | The Epoch Times

The House on Wednesday passed legislation to suspend the nation’s borrowing limit largely along party lines, shortly after Treasury Secretary Janet Yellen warned members that the nation’s cash reserves will likely be exhausted unless lawmakers vote to do so by Oct. 18. In a 219-212 vote, lawmakers voted to pass the measure to suspend the United States’ federal debt ceiling through mid-December of next year. It comes just weeks before the approaching deadline, however, the measure is expected to tank in the Senate. Two Democrats and one Republican crossed party lines in their votes on Wednesday afternoon. Reps. Kurt Schrader (D-Ore.) and Jared Golden (D-Maine) voted “no” on the measure, while Rep. Adam Kinzinger (R-Ill.) was the sole Republican to vote in favor of the bill to suspend the nation’s borrowing limit. The legislation now heads to the Senate, however, Senate Minority Leader Mitch McConnell (R-Ky.) and other Republican leaders …Read More

Leave a Reply