{"id":856656,"date":"2021-10-07T13:29:27","date_gmt":"2021-10-07T17:29:27","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=856656"},"modified":"2021-10-07T13:29:29","modified_gmt":"2021-10-07T17:29:29","slug":"senate-majority-leader-schumer-announces-agreement-to-extend-debt-ceiling-until-early-dec","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/senate-majority-leader-schumer-announces-agreement-to-extend-debt-ceiling-until-early-dec\/","title":{"rendered":"Senate Majority Leader Schumer announces agreement to extend debt ceiling until early Dec."},"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\">26<\/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-majority-leader-schumer-announces-agreement-to-extend-debt-ceiling-until-early-dec%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=856656&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_2543026\" class=\"wp-caption alignnone\">\n<p id=\"caption-attachment-2543026\" class=\"wp-caption-text\">Senate Majority Leader Sen. Chuck Schumer of N.Y., leaves a Senate Democratic meeting at the Capitol in Washington, Wednesday, Oct. 6, 2021, as a showdown looms with Republicans over raising the debt limit. (AP Photo\/Andrew Harnik)<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>UPDATED 10:06 AM PT \u2013 Thursday, October 7, 2021<\/h5>\n<p>Senate Majority Leader Chuck Schumer (D-N.Y.) announced an agreement on the debt ceiling. While speaking on the Senate floor Thursday, the New York lawmaker confirmed a deal has been reached to extend the limit through early December.<\/p>\n<p>The Democrat senator said he hopes they can \u201cget this done\u201d as early as Thursday. The agreement would increase the debt limit by $480 billion, which is what the Treasury Department has said is the amount needed to fund existing debt.<\/p>\n<p>Senate Minority Leader Mitch McConnell (R-Ky.) proposed the \u201cfixed dollar amount\u201d extension on Wednesday. The Kentucky lawmaker said Democrats would still need to use reconciliation for a long-term hike unless they abandon their \u201creckless\u201d spending plans.<\/p>\n<p>Sen. Lindsey Graham (R-S.C.) voiced his opposition to raising the debt limit. In a statement Wednesday, the top Republican on the Budget Committee said he doesn\u2019t support the left\u2019s reconciliation package or raising the debt limit to make the spending possible. He said if Democrats want to raise the debt ceiling, they can use the reconciliation process.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Statement from <a href=\"https:\/\/twitter.com\/LindseyGrahamSC?ref_src=twsrc%5Etfw\">@LindseyGrahamSC<\/a>, Ranking Republican on the Senate Budget Committee: <a href=\"https:\/\/t.co\/VQqc6yCeL7\">pic.twitter.com\/VQqc6yCeL7<\/a><\/p>\n<p>\u2014 Senate Budget GOP (@BudgetGOP) <a href=\"https:\/\/twitter.com\/BudgetGOP\/status\/1445916145786163205?ref_src=twsrc%5Etfw\">October 7, 2021<\/a><\/p>\n<\/blockquote>\n<p>The South Carolina lawmaker was the first GOP member to speak out against a deal being hammered out by Schumer and McConnell. His statement came ahead of Schumer\u2019s announcement tht a debt limit deal had been reached.<\/p>\n<h4>MORE NEWS:&nbsp;<a href=\"https:\/\/www.oann.com\/former-reagan-education-secy-to-launch-patriotic-curriculum\/\">Former Reagan Education Secy. To Launch Patriotic Curriculum<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>Senate Majority Leader Sen. Chuck Schumer of N.Y., leaves a Senate Democratic meeting at the Capitol in Washington, Wednesday, Oct. 6, 2021, as a showdown looms with Republicans over raising &#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-856656","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\/856656","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=856656"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/856656\/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=856656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=856656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=856656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}