The Senate GOP voted on Thursday to speed up measures to raise the debt limit, a move which had been sought by Democrats.
As The Washington Examiner reports:
The move paves the way for the House and Senate next week to pass legislation increasing the debt ceiling ahead of a Dec. 15 deadline set by Treasury Secretary Janet Yellen.
“This is a responsible path forward,” Majority Leader Chuck Schumer, a New York Democrat, said ahead of the vote. “No brinkmanship, no default on the debt, no risk of another recession.”
The vote to fast-track the bill followed weeks of negotiations between Senate Democrats and Republicans who have refused to provide the votes needed to pass a long-term increase in the borrowing limit.
The GOP minority believes Democrats should pass a debt limit increase unilaterally because the party’s legislative agenda exceeds a staggering $5 trillion, most of it added directly to the deficit.
Former President Trump has recently expressed his displeasure with Republicans who sought to vote with Democrats to extend the debt ceiling.