{"id":828385,"date":"2021-09-29T16:14:33","date_gmt":"2021-09-29T20:14:33","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=828385"},"modified":"2021-09-29T16:14:34","modified_gmt":"2021-09-29T20:14:34","slug":"speaker-pelosi-promises-to-pass-bill-to-suspend-debt-limit","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/speaker-pelosi-promises-to-pass-bill-to-suspend-debt-limit\/","title":{"rendered":"Speaker Pelosi promises to pass bill to suspend debt limit"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/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%2Fspeaker-pelosi-promises-to-pass-bill-to-suspend-debt-limit%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=828385&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--><div id=\"attachment_2534551\" class=\"wp-caption aligncenter\">\n<p id=\"caption-attachment-2534551\" class=\"wp-caption-text\">WASHINGTON, DC \u2013 SEPTEMBER 29: Speaker of the House Nancy Pelosi (D-Calif.) talks with reporters after departing a House Democratic whip meeting in the basement of the U.S. Capitol on September 29, 2021 in Washington, D.C. (Photo by Chip Somodevilla\/Getty Images)<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>UPDATED 12:58 PM PT \u2013 Wednesday, September 29, 2021<\/h5>\n<p>House Speaker Nancy Pelosi (D-Calif.) says the House will pass legislation to suspend the debt limit. In a letter to Democrats on Wednesday, Pelosi thanked them for their \u201cpatriotism\u201d in last week\u2019s vote on lifting the debt ceiling and a continuing resolution.<\/p>\n<p>Today\u2019s bill would suspend the federal debt ceiling through December 2022, but has faced opposition from moderate Democrats. On Wednesday, Pelosi slammed those Democrat holdouts and demanded unity. She also blamed Republican extremism for the dire situation, even though Democrats control both chambers and a government shutdown would be a direct result of party infighting.<\/p>\n<p>Capitol Hill has remained divided on the issue as Republicans refuse to support raising it and Democrats refuse to do it by themselves. On Tuesday, the Senate Banking, Housing and Urban Affairs Committee called on Treasury Secretary Janet Yellen to testify.<\/p>\n<p>Starting off, Yellen said that economic calamity and interest rate increases could befall the U.S. if the debt ceiling isn\u2019t raised by an appropriate time.<\/p>\n<p>\u201cIf the debt ceiling were not raised, I think there would be a financial crisis and a calamity. And absolutely, it\u2019s true that the interest payments on the government debt would increase,\u201d said Yellen.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\u201cIt\u2019s necessary to avert a catastrophic event for our economy\u201d: Treasury Sec. Janet Yellen urged Congress on Tuesday to raise the debt ceiling, warning that failure to do so could lead the U.S. to default for the first time in history. <a href=\"https:\/\/t.co\/UYVF93b1UO\">https:\/\/t.co\/UYVF93b1UO<\/a> <a href=\"https:\/\/t.co\/2ijP8ttPIA\">pic.twitter.com\/2ijP8ttPIA<\/a><\/p>\n<p>\u2014 CBS News (@CBSNews) <a href=\"https:\/\/twitter.com\/CBSNews\/status\/1442934831189413892?ref_src=twsrc%5Etfw\">September 28, 2021<\/a><\/p>\n<\/blockquote>\n<p>She said she believes that those issues would undermine confidence in the dollar as the world currency, as well as increase interest payments Americans pay for cars and mortgages. Yellen added any issues that come out of this would be entirely manufactured by the U.S. government who could have just raised the ceiling in time.<\/p>\n<p>Democrats have been beating the drum to get the debt ceiling raised and trying to get Republicans to vote with them to do it. Senate Majority Leader Chuck Schumer (D-N.Y.) recently said that Republicans refusing to raise the ceiling were derelict in their duties. He called their move one of the lowest points in the chambers history and said Republicans were the party of default.<\/p>\n<p>\u201cRepublicans voted unanimously\u2026unanimously to block legislation, to keep the government open and prevent an unnecessary default on our debt,\u201d he said. \u201cRepublicans are now the official party of default, the party that says America doesn\u2019t pay its debts.\u201d<\/p>\n<p>Despite the attacks, Republicans are sticking together in their opposition to a debt ceiling increase.<\/p>\n<p>At the hearing, Louisiana\u2019s John Kennedy (R) said Democrats are just trying to put GOP fingerprints onto Democrat spending priorities. He said the solution to the problem is easy, stating Democrats can put an increase in the debt ceiling in their reconciliation package to pass themselves.<\/p>\n<p>Meanwhile, if the debt limit is not raised by Oct. 18, Yellen warned a default could occur within days.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">VIRAL EXCHANGE: At today&#8217;s Senate Banking Committee hearing, Sen. John Kennedy (R-LA) had a heated exchange with Sec. Janet Yellen over the debt ceiling. <a href=\"https:\/\/t.co\/AMo7jKtBVI\">pic.twitter.com\/AMo7jKtBVI<\/a><\/p>\n<p>\u2014 Forbes (@Forbes) <a href=\"https:\/\/twitter.com\/Forbes\/status\/1442913478881153035?ref_src=twsrc%5Etfw\">September 28, 2021<\/a><\/p>\n<\/blockquote>\n<h4>MORE NEWS: <a href=\"https:\/\/www.oann.com\/kamala-harris-promotes-liberal-agenda-at-george-mason-university\/\">Kamala Harris Promotes Liberal Agenda At George Mason University<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON, DC \u2013 SEPTEMBER 29: Speaker of the House Nancy Pelosi (D-Calif.) talks with reporters after departing a House Democratic whip meeting in the basement of the U.S. Capitol on &#8230;<\/p>\n","protected":false},"author":7,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-828385","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/828385","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\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=828385"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/828385\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=828385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=828385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=828385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}