• 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

U.S. Senate filibuster looms large as leaders seek debt ceiling deal

October 6, 2021 by David Barret Leave a Comment

October 6, 2021

By David Morgan

WASHINGTON (Reuters) – A threat by Democrats to do away with the U.S. Senate’s filibuster rule colored Wednesday’s behind-the-scene efforts to avert a looming federal debt default, which economic analysts say could upend the global financial system.

President Joe Biden, a former senator who has long defended the filibuster rule that requires 60 of the chamber’s 100 members to agree on most legislation, said late on Tuesday that Democrats would consider making an exception to the filibuster https://ift.tt/3Ai2BdV to hike the government’s $28.4 trillion debt ceiling and defend the economy.

Democrats called off an early Wednesday afternoon vote after the Senate’s top Republican, Mitch McConnell, floated a plan that would buy more time https://ift.tt/3uN4bTO to resolve the issue. Without congressional action to raise the debt limit, the Treasury Department has forecast that it will run out of ways to meet all its obligations by Oct. 18.

While McConnell did not explicitly tie his offer to back a temporary extension of the debt limit through early December, both he and his fellow top Republicans raised concerns in public remarks.

Hours before announcing his offer, McConnell made a direct reference to the filibuster by warning on the Senate floor that Democrats could be “intentionally playing Russian roulette with the economy to try to bully their own members into going back on their word and wrecking the Senate.”

Democrats hold just 50 Senate seats, with their majority coming in Vice President Kamala Harris’ ability to break ties. But that has allowed Republicans to use the filibuster to block many of their priorities, including bills on immigration reform and voting rights.

Some in the caucus have called for blowing up the filibuster, a Senate tradition not enshrined in law, though Biden and two moderate Democrats, Joe Manchin and Kyrsten Sinema, have objected.

Manchin on Wednesday reiterated his opposition to ending the filibuster, a term that the Senate says is descended from a Dutch word for pirate.

“I’ve been very, very clear where I stand on the filibuster. I’ve been very clear nothing changes,” the West Virginia Democrat told a hastily arranged news conference.

Proponents of the filibuster say it ensures stability in the law, preventing major elements of American life from changing every time control of the Senate shifts from party to party

But the threat of soaring interest rates, a surge of layoffs and a sharp drop in the stock market if the United States were to default would have upped pressure on the holdouts to agree to eliminate it.

Senator John Thune, the chamber’s No. 2 Republican, told reporters that doing away with the filibuster would be “a horrible option for this institution (and) for the country.”

(Reporting by David Morgan; editing by Grant McCool)

Source Link U.S. Senate filibuster looms large as leaders seek debt ceiling deal

David Barret
David Barret

Related posts:

  1. BP Ventures invests $11.9M in in-car payments provider Ryd to support expansion
  2. ‘The Wire’ actor Michael K. Williams found dead in apartment – NYPD
  3. Turkish President Erdogan says to meet Greek PM in New York
  4. Exclusive-White House, top Democrats reach deal in budget bill on carbon capture credit -sources

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

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

Primary Sidebar

  • Hormone Therapy For Trans Women Shifts Dozens Of Proteins To Align With Their Gender Identity
  • People Are Not Reacting Well After Learning How Cranberries Are Grown
  • The World’s Newest Great Ape Is Also Its Rarest, With Fewer Than 800 Left In The Wild
  • IFLScience We Have Questions: Can Burying Scientists Alive In The Snow Help Us Protect Polar Bears?
  • Scientists Perplexed By 407-Million-Year-Old Fossilized Plant That Doesn’t Follow The Fibonacci Sequence
  • This Giant Goldfish Hybrid Weighs As Much As A 10-Year-Old – A Stark Warning About Dumping Pets
  • Scientists Gave Mice Neanderthal And Denisovan Genes. The Results Were Intriguing
  • 2024 Saw Higher Levels Of Carbon Dioxide In The Atmosphere Than Ever Before
  • Halloween Fireballs Will Grace Our Skies As The Taurid Meteor Showers Arrive
  • Newly Discovered Hunting Megastructures Suggest Pre-Bronze Age Societies More Sophisticated Than Previously Thought
  • What Is Spectroscopy And Why Is It So Important To Science?
  • Parkinson’s “Trigger” Seen For The First Time: Scientists Image The Toxic Molecules Inside The Human Brain
  • What Flying Animals Exist That Are Not Birds?
  • DNA Evidence Uncovers Surprising Origins Of Native Americans
  • Single Gene Swap “Transfers A Behavior” Between Two Species For The First Time
  • Interstellar Object 3I/ATLAS Has A Rare “Anti-Tail”, New Observations Confirm
  • Asteroid Apophis: Animation Shows Asteroid’s Nail-Biting Close Approach To Earth In 2029
  • Titan Breaks A Key Chemistry Rule: What That Means For Alien Life
  • Scientists Studied “Chicago Rat Hole” – They Have Bad News, The South Atlantic’s Magnetic Field Weak Spot Is Growing, And Much More This Week
  • Could This Be The Real Reason Humans Survived And Neanderthals Died Out?
  • 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