Page 11 - Debt Limits News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Should be doing to get this done? >> look, i think ultimately, jake, this is a question of -- it's a question for congress. we saw this with president trump. he blew right through a series of debt limits. went to congress and congress raised them because we at that point also knew we were not going to default on our debt. and so the fact that republicans were all for spending under donald trump but now have developed again an appetite for fiscal austerity for bills they have already incurred, many which are programs they voted for. again, i agree with mia here. it's why people get fed up and f...

Previous presidents and parties, we have to pay for it. social security benefits, the american people are promised. salaries for servicemen and women. benefits for veterans. we'll have to raise the debt limits to meet those obligations and raising the debt limit is usually a bipartisan undertaking. and it should be. that's what is not happening today. the reason we have to raise the ket limit is because of the reckless tax and spending policies under the previous trump administration. in four years they incurred nearly $8 trillion in four years. $8 trillion in additional debt. in bills we have...

This might be one of the only opportunities to do so. think they is the general situation when it comes to the big hearing that will take place at the senate armed services tomorrow. >> no shortage of questions for milley. it's a big week on capitol hill and we're in. ing closer to the possibility of a government shutdown. how do you see this play out? will the government close? >> i don't think so, jon. the senate as you noted in your opening will vote tonight on a continuing resolution which also raises the debt limit. that won't pass. that will fail. then the senate will have to move to a c...

To avoid a government shutdown, vote yes. >> reporter: moderate dems want infrastructure, $3.5 trillion bill, bernie sanders wants them tied together, that was the agreement. congressman steve scalise sees cracks in the plan saying it is the tax-and-spend reconciliation bill and senate infrastructure bill are inextricably linked. therefore we will be whipping against both measures to stop democrats from an acting $5 trillion in social spending. and to spend the nation's debt limits and by the way, $20 trillion, no one thinks this is a good idea and financial markets. >> big booster news. the f...

Tonight, the u.s. house of representatives is expected to vote on whether to fund the u.s. government for a little over two months to avoid a catastrophic default by mid october. the so-called continuing resolution or cr is expected to pass right down party lines before it heads to the senate where senate republicans might put a stop to it, putting the u.s. credit rating and the state of the already unstable economy at risk. let's go straight to ryan nobles live for us on capitol hill. let's start with the key vote tonight in the house. will any republicans vote for this? >> reporter: no, jake...