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Posts tagged as “Kevin McCarthy”

Schumer Vows to Pass Debt Ceiling Bill “As Soon As Possible” to Avoid Catastrophic Default on U.S. Debt

Senate Majority Leader Chuck Schumer has vowed to pass the bill to suspend the debt ceiling and limit government spending as soon as possible to avoid a U.S. default. Senate Minority Whip John Thune has cautioned that final passage of the bill could come Friday, depending on the agreement of amendment votes. The Senate needs to pass the bill before Monday to prevent a catastrophic economic crisis.