Page 257 - Schumer News Today

Republicans and Democrats agree to temporarily avert default

Some Republicans are speaking out.

Senate Majority Leader Chuck Schumer said Thursday and lawmakers had reached a deal to extend the federal debt ceiling through December and that a vote on the measure could take place within hours.

Its debt and it could have disastrous results on the economy of this country and the world. so that is why you saw yesterday mcconnell finally reach a deal with schumer. but again, its a deal thats just a short-term deal. its going to buy democrats some time until they figure out how theyre going to address the debt ceiling long term. but, look, another thing i really want to emphasize, we dont know what this deal looks like in details yet. theyre still working out writing legislation on this. y...

Dont like d.c. yeah, thats right. and it does -- >> as you broadcast to us from d.c. >> from d.c. look, i love d.c. i personally love living here. capitol hill aside. but this definitely sets up a big battle in december. democrats, you know, majority leader schumer and others came out of the meeting saying that they only took part of mcconnells offer that they are still not going to pass the debt limit or increase through the reconciliation process, which is what republicans initially wanted and...

Good evening to both of you. who is actually in charge here, republicans or democrats? trying to figure that out. that is the question. laura, it appears the country is avoiding economic collapse for now but the white house is asking why kick the can down the road so much time and energy wasted and well be back right here in a few months. isnt that why everyone hates washington? >> its a big reason why people dont like d.c. yeah, thats right. and it does -- >> as you broadcast to us from d.c. >>...

Schumer claimed they dont have enough time. we drafted that letter in early augment. -- august. we will give them 2 more months. this deal is by a dollar amount. what we objected to is just a simple suspension of the debt ceiling which would give democrats a blank check. this has a dollar amount attached but we are just kicking the can down the road. i this is what what happens in washington, d.c. we should have just left town. thats what i would have done. now we sell to take some kind of vote ...

Taking place and had some impact. but then as our colleague manu raju was reporting, the other piece of this is that whole debate over the filibuster that we have been seeing all year long that mcconnell was actually getting worried that manchin and sinema, the two democratic opponents to filibuster reform, might get a little weak kneed on this one issue and start chipping away at the filibuster which is a tool mitch mcconnell uses time and time again and had no desire to see any damage done to....

And mcconnell blinked but calling the shots how it gets done. where do things stand this morning? >> reporter: good morning, steph. mcconnell and schumer are still negotiating and working out the details of this agreement that hopefully they will actually agree on. so what happened is that mcdonnell did blink, and the reason is, because democrats were seriously considering changing the filibuster. changing the senate rules that cover this place a long time and thats the closests they had become ...

Chest pain, and rapid breathing or heart rate, or if youre nursing, pregnant or plan to be. every day matters. and i want more of them. ask your doctor about everyday verzenio. ♪ >> we have reached agreement to extend the debt ceiling through ellerby december. >> the majority didnt have a plan to prevent default so we stepped forward. the pathway our democratic colleagues have accepted will spare the american people any near term crisis. >> i think this makes no sense putting it in december is...