Stay updated with breaking news from Supplement Nutritional Assistance Program. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Schmitt’s decision signals a change in approach from his predecessor, former Sen. Roy Blunt, who McConnell often relied on to get bipartisan deals through the Senate.
The debt ceiling drama has reached a fever pitch in recent weeks. As of May 17, the U.S. Treasury had roughly $68 billion of cash on hand and another $92 billion of untapped extraordinary measures. Taken together, Treasury had just $160 billion of additional borrowing capacity remaining under the debt ceiling.