• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Top Senate Democrat Schumer asks U.S. businesses to weigh in on debt default

September 14, 2021 by David Barret Leave a Comment

September 14, 2021

WASHINGTON (Reuters) – U.S. Senate Majority Leader Chuck Schumer urged the business community on Tuesday to start weighing in with Republicans on the dangers of not raising the debt ceiling to avoid a government default or partial government shutdown.

“This is risky business and dangerous business” that Republicans are engaging in, Schumer, a Democrat, told reporters at the Capitol.

There are estimates that sometime in October the Treasury Department could run out of ways to borrow money to finance government debt unless Congress approves a new debt limit.

Senate Republican leader Mitch McConnell has repeatedly said Democrats should raise the debt ceiling on their own. On Tuesday, McConnell said: “Republicans are united in opposition to raising the debt ceiling, not because it doesn’t need to be done” but because he believes Democrats should include it in their $3.5 trillion infrastructure bill and pass it without Republican support.

Nevertheless, Senator Richard Shelby, the senior Republican on the Senate Appropriations Committee, expressed optimism to reporters on Tuesday that Congress would approve a debt ceiling increase in a timely manner, despite the opposition from many lawmakers in his party.

“I think ultimately we will, after stops and starts – we will pass a debt limit of some kind. Otherwise, the alternative is not good,” Shelby said.

(Reporting by Makini Brice, Richard Cowan and Doina Chiacu; Editing by Leslie Adler and Grant McCool)

Source Link Top Senate Democrat Schumer asks U.S. businesses to weigh in on debt default

David Barret
David Barret

Related posts:

  1. Golf-Garcia, Lowry and Poulter made captain’s picks for Europe’s Ryder Cup team
  2. Japan’s vaccines minister Kono favoured as next PM in opinion polls
  3. Hit to oil output from Ida overshadows demand impact, says Goldman
  4. Nigeria says 75 abducted children released amid army crackdown

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Get Ready, Skywatchers: A “Dazzling” Total Lunar Eclipse Is Coming In 2025
  • How A Man Won The Lottery 14 Times Using Unbelievably Basic Math
  • What Are The Amazon’s “Flying Rivers”? And Why Every Single One Of Us Relies On Them
  • Curious New Microbe With Tiny Genome Toes The Line Between Cell And Virus
  • We’ve Just Found Out Where The World’s Longest-Living Vertebrate Has Its Babies
  • For The First Time, An Animal Has Been Shown Responding To Plant-Produced Sounds
  • Deep Ocean Currents Have “Weather” And Seasonal Changes That We’re Only Just Learning About
  • Stratus: What Are The Symptoms Of The Latest COVID-19 Subvariant To Spread Around The World?
  • In 1927, Henry Ford Tried To Build A Town In The Amazon And Things Went Very, Very Badly
  • Human Botfly: Say Hello To The Parasite That Would Love To Get Under Your Skin
  • Is The Weather Making Your Headache Worse?
  • “Zoning Out” Actually Helps You Learn? Data From Up To 90,000 Brain Cells Says So
  • Over Past 250,000 Years, Three Major Waves Of Human-Neanderthal Interbreeding Have Been Identified
  • Zebrafish “Catch” Yawns Just Like Us – We Might Need To Rethink Evolution To Account For That
  • 80,000-Year-Old Neanderthal Footprints Reveal How Children Hunted On Beaches
  • 5 Animals That Have Absolutely No Business Jumping (In Our Very Humble, Definitely Unbiased Opinion)
  • Polar Vortex Patterns Explain Winter Cold Snaps Against Background Warming Trend
  • Scientists Tracked An Olm For 2,569 Days And It Did Not Move An Inch
  • Look Out For “Fireballs”: The Best Meteor Shower Of 2025 Is About To Commence, According To NASA
  • Why Do Many Large Language Models Give The Same Answer To This “Random” Number Query?
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version