The Senate is under pressure to approve the legislation to suspend the debt ceiling before Monday.
— Senate Majority Leader Chuck Schumer vowed to keep the upper chamber in session and pass theand limit government spending"as soon as possible" to avoid a catastrophic default on the nation's debt.
"We will keep working until the job is done," Schumer said Thursday on the Senate floor."Time is a luxury the Senate does not have, if we want to prevent default." Schumer said"any needless delay" or"last-minute holdups" would be a"dangerous risk." Several senators are pushing for votes to amend various portions of the 99-page bill, known as the Fiscal Responsibility Act of 2023. The approval of any amendments would require the House to pass the new version before sending it to President Biden's desk.
Democratic Sen. Tim Kaine of Virginia is seeking to strike a provision in the debt ceiling bill that fast-tracks construction of theto carry natural gas from West Virginia to Virginia. Republican Sen. Rand Paul of Kentucky is offering an amendment with more dramatic spending cuts.
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