The Senate could vote on the bill to suspend the debt ceiling and limit government spending as soon as Thursday night, several members predicted, potentially sending the bill to President Biden's desk to avert a catastrophic default on the nation's debt.
and limit government spending as soon as Thursday night, several members predicted, potentially sending the bill to President Biden's desk to avert a catastrophic default on the nation's debt.
Democratic Sen. Tim Kaine of Virginia said he expects the process to"move very fast" once it's determined how many amendments will be offered. "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." 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 the president for his signature.
Kaine is seeking to strike a provision in the debt ceiling bill that fast-tracks construction of the to carry natural gas from West Virginia to Virginia. Paul is offering an amendment with more dramatic spending cuts.
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