{"id":1942262,"date":"2023-06-01T23:05:02","date_gmt":"2023-06-02T03:05:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senate-passes-debt-ceiling-bill-just-in-time-before-expected-default\/"},"modified":"2023-06-01T23:10:28","modified_gmt":"2023-06-02T03:10:28","slug":"senate-passes-debt-ceiling-bill-just-in-time-before-expected-default","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senate-passes-debt-ceiling-bill-just-in-time-before-expected-default\/","title":{"rendered":"Senate approves debt ceiling bill before potential default."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsenate-passes-debt-ceiling-bill-just-in-time-before-expected-default%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1942262&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>The Senate Passes Legislation to Suspend Debt Ceiling and Set Federal Spending Limits<\/h2>\n<p>The Senate has passed a crucial legislation that was negotiated by President Joe Biden and Speaker Kevin McCarthy (R-CA) to suspend the debt ceiling and <a title=\"Senate approves debt ceiling bill before potential default.\" href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senate-passes-debt-ceiling-bill-just-in-time-before-expected-default\/\">set federal spending limits<\/a>. This move comes just in time to pull the nation back from the brink of economic catastrophe, days before Monday\u2019s deadline when the Treasury has said the U.S. will start running short of cash to pay its bills.<\/p>\n<p>The bill was passed with a vote of 63 to 36, despite defections among liberal and conservative senators. Senators on both sides of the aisle were unhappy with the overall agreement. A group of Republican defense hawks raised objections to Pentagon funding levels that they said were too low. Progressive discontent was also evident too, with several objecting to the new work requirements for older Americans in the <a title=\"Congressional Budget Office: Minimum Wage Hike Would Cost 1.4 Million Jobs\" href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/congressional-budget-office-minimum-wage-hike-would-cost-1-4-million-jobs\/\">food aid program<\/a>, changes to the National Environmental Policy Act and approval of the Mountain Valley Pipeline natural gas project.<\/p>\n<h3>Last-Minute Drama Unfolds<\/h3>\n<p>Some last-minute drama unfolded Thursday afternoon ahead of the final passage. One issue was the budget deal\u2019s defense spending number, which would lock in defense spending to $886 billion over the next two years. Spending on defense and nondefense would be slashed by 1% if Congress is unable to pass a <a title=\"Dems Threatening to Pass Year-Long Stopgap Spending Bill\" href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dems-threatening-to-pass-year-long-stopgap-spending-bill\/\">comprehensive spending bill<\/a> by the end of the year.<\/p>\n<p>Sen. Lindsey Graham (R-SC) and some other defense hawks threatened to stall the bill past the Monday \u201cX-date,\u201d if Senate Majority Leader Chuck Schumer (D-NY) did not commit to a supplemental defense funding bill to beef up spending, despite it reducing the savings Republicans had sought to achieve through the deal. Sen. Susan Collins (R-ME), the ranking Republican on the Senate Appropriations Committee, demanded a guarantee that all 12 appropriations bills would be brought to the floor to avoid the 1% across-the-board cut.<\/p>\n<p>Leadership relented, promising Graham his desired supplemental vote and agreeing to 10-minute votes on the 12 bills.<\/p>\n<h3>Senators Express Frustration<\/h3>\n<p>After driving the legislative agenda over the last two years, the Senate took a back seat and left the negotiation to Biden and McCarthy. As a result, senators had little to no influence over the final deal and were forced to approve legislation they had no role in brokering, which led to growing frustration on both sides of the aisle.<\/p>\n<p>\u201cI will never let this happen again as long as I\u2019m here, to let people negotiate behind closed doors and not tell me what they are doing on defense. I blame myself for not being more involved and more active,\u201d Graham said during a speech on the Senate floor on Thursday afternoon. \u201cIn my wildest dreams, I never believed that the Republican Party would take the Biden budget that they\u2019ve attacked for a year and celebrate it as fully funding.\u201d<\/p>\n<p>Senators unhappy with the perceived deficiencies of the bill put up a dozen amendments that adjust spending levels, remove the pipeline approval and more. None were approved.<\/p>\n<h3>The Deal and Its Aim<\/h3>\n<p>The bill suspends the federal government\u2019s borrowing limit through Jan. 1, 2025, allowing lawmakers and the White House to bypass the politically risky issue until after the November 2024 presidential election. Additionally, it caps some government spending over the next two years, claws back unused COVID-19 funds, expands work requirements for <a title=\"What The Ukraine War Revealed About The World\u2019s Fragile Food Supply Chains\" href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/what-the-ukraine-war-revealed-about-the-worlds-fragile-food-supply-chains\/\">food aid programs<\/a>, reduces some funding for I.R.S. enforcement and speeds up the permitting process of new energy projects.<\/p>\n<p>The deal was struck with the aim of gaining support from both sides. It allowed Republicans to insist on several policy changes and to say they succeeded in reducing some federal spending. Democrats were able to keep recent legislation on clean energy, health care and infrastructure intact, while also allowing them to say most domestic programs were spared from severe cuts.<\/p>\n<p>The nonpartisan Congressional Budget Office said the spending cuts in the package would reduce deficits by $1.5 trillion over a decade, a goal for many Republicans looking to curb the debt.<\/p>\n<h3>Debt Limit: How the Compromise Compares to the Original GOP Debt Ceiling Bill<\/h3>\n<p>For more information on the debt limit and how the compromise compares to the original GOP debt ceiling bill, click <a href=\"#\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Senate approved a bill, brokered by President Biden and Speaker McCarthy, to suspend the debt ceiling and establish federal spending limits. The move averted an economic crisis just days before the Treasury&#8217;s deadline, when the US would have faced a shortage of funds. The bill passed with minimal support.<\/p>\n","protected":false},"author":1,"featured_media":1942263,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"Senate approves debt ceiling bill before potential default.","footnotes":""},"categories":[538],"tags":[4255,10142,5487,15651,4238,3740],"class_list":["post-1942262","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-approves","tag-ceiling","tag-debt","tag-default","tag-potential","tag-senate"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"Senate approves debt ceiling bill before potential default.","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1942262","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1942262"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1942262\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1942263"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1942262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1942262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1942262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}