US Senate Majority Leader Chuck Schumer (D-NY) speaks during a news conference following Senate Democrat policy luncheons at the US Capitol in Washington, DC, on May 31, 2023.
"The Senate will stay in session until we send a bill avoiding default to President Biden's desk, we will keep working until the job is done," Schumer, D-N.Y., said on the Senate floor at the opening of Thursday's session.
WASHINGTON — Senate Majority Leader Chuck Schumer will attempt to fast-track a bill through the Senate on Thursday to raise the debt limit for two years and cap government spending, as the U.S. barrels toward a June 5 deadline to avert a debt default.
In exchange for giving their amendments a separate vote, McConnell hopes holdouts will agree to proceed with a full Senate vote on the debt ceiling bill before the weekend.
Passing the debt limit compromise bill and sending it to President Joe Biden for his signature would "soothe the country and soothe the markets," McConnell said.
Persons:
Chuck Schumer, luncheons, Biden's, Schumer, Utah Republican Mike Lee, Kentucky Republican Rand Paul, Tim Kaine, Kaine, Lee, Janet Yellen, Mitch McConnell, McConnell, holdouts, Paul, Joe Biden, Kevin McCarthy, Biden
Organizations:
Republican, Democratic, Utah Republican, Kentucky Republican, Management, Budget, Capitol, Schumer, Republicans
Locations:
Washington ,, WASHINGTON, U.S, Utah, Kentucky, Virginia, West Virginia, United States