Joe Biden passed the bill shortly after it passed through Congress on Thursday, extending government spending through December 3 to avert a shutdown just hours before current funding expires. Democrats initially sought to attach a suspension of the debt ceiling to the funding bill, but Republicans refused to vote to increase the borrowing limit, The Wall Street Journal reports.
Stocks on Wall Street ended sharply lower as Big Tech plunged, while concerns about a potential U.S. government debt default offered another reason for caution.
President Biden said he couldn’t guarantee that the U.S. won’t breach its debt limit unless Republicans join Democrats in voting to raise it in the two next weeks.
What people are saying?
Chris Edwards It’s an unarguable fact that Democrats can raise the debt ceiling on their own. McConnell told them they would have to do it that way months ago. So the Democrats are mad, not because they can’t raise the debt ceiling, but because they have to raise it in a way they don’t like.
The Mighty Fetta I keep saying we live in different times where everyone sees who is causing the problems. And it’s Republicans.
Emily Moore, Ph.D. In other words, McConnell must think that voters are not intelligent or aware enough to blame the GOP for failure to raise the debt limit. And he must be counting on his fellow GOP senators to go along with it, even if they will get primaried or lose in the general election.