Schumer calls on House GOP to unveil proposed spending cuts in debt ceiling negotiations ...Middle East

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Senate Majority Leader Charles Schumer (D-N.Y.) called on House Republicans Monday to lay out the spending cuts they're proposing as part of a deal to raise the debt ceiling and decried what he called their strategy of “brinkmanship” and “hostage taking” to open negotiations. Schumer said in remarks on the Senate floor that Democrats are prepared to “move quickly” and “well in advance of default” to raise the U.S.’s borrowing authority, which is likely set to expire sometime in the first half of this year. Last week, the U.S. reached the $31.4 trillion ceiling, forcing the Treasury Department to resort to “extraordinary measures” to avoid a default. “Unfortunately, House Republica

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Last updated : 24 January 2023 clock 12:40 AM

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Schumer calls on House GOP to unveil proposed spending cuts in debt ceiling negotiations ...Middle East

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