Schumer and McConnell attempted to allay those concerns by entering a statement into the record reaffirming that America stands ready to “respond to ongoing and growing national security threats”. We use Google reCaptcha to protect our website and the Google Privacy Policy and Terms of Service apply. For more information see our Privacy Policy. Privacy Notice: Newsletters may contain info about charities, online ads, and content funded by outside parties. The fight to reel in wasteful government spending is far from over.”Īs some of their colleagues lamented the state of America’s debt, defense hawks in the Senate Republican conference warned that the legislation does not sufficiently fund the Pentagon, leaving the US military vulnerable in the face of foreign threats. But make no mistake: there is much more work to be done. “The deal the House passed last night is a promising step toward fiscal sanity. “The Fiscal Responsibility Act avoids the catastrophic consequences of a default on our nation’s debt,” McConnell said on the floor on Thursday morning. The Senate minority leader, Republican Mitch McConnell, supported the bill, even as he acknowledged that lawmakers must take further action to tackle the federal government’s debt of more than $31tn.
“In case after case, the cuts that it proposes won’t materialize.”
It doesn’t do the basic things that it purports to do,” Senator Mike Lee, a Republican of Utah, told Fox News on Thursday morning. Those changes were deemed insufficient by 31 Republican senators, who echoed the criticism voiced by the 71 House Republicans who opposed the bill a day earlier. Several of the amendments were introduced by Senate Republicans who expressed concern that the debt ceiling bill passed by the House did too little to rein in government spending.Īs part of the negotiations over the bill, McCarthy successfully pushed for modest government spending cuts and changes to the work requirements for the Supplemental Nutrition Assistance and the Temporary Assistance for Needy Families Programs. All 11 of the proposed amendments failed to gain enough support to be added to the underlying bill. The final Senate vote on the bill capped off a long day in the upper chamber, where lawmakers spent hours considering amendments to the legislation. The bill – which was negotiated between Biden and the Republican House speaker, Kevin McCarthy of California – will suspend the government’s borrowing limit until January 2025, ensuring the issue will not resurface before the next presidential election. The Senate vote came one day after the House passed the debt ceiling bill in a resounding, bipartisan vote of 314 to 117. No one gets everything they want in a negotiation, but make no mistake: this bipartisan agreement is a big win for our economy and the American people. Just now, Senators from both parties voted to protect our hard-earned economic progress and prevent a first-ever default.
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