Democratic leaders announce plans to attach a debt limit extension to legislation funding the government, setting up a showdown with Republican senators on 2 pieces of high-stakes legislation.
The Treasury Department has said the debt limit will be breached sometime in October if it's not lifted, which could disrupt the U.S. economy.
House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer said the bill they will push forward would fund the government into December, and extend the debt ceiling through December 2022. "This week, the House of Representatives will pass legislation to fund the government through December of this year to avoid a needless government shutdown," they said."The legislation to avoid a government shutdown will also include a suspension of the debt limit through December 2022 to once again meet our obligations and protect the full faith and credit of the United States.
The legislation would require 60 votes to pass the Senate, meaning at least 10 Republicans will have to agree. Senate Republicans, led by Minority Leader Mitch McConnell, have said they won't vote to extend the debt ceiling and called on Democrats to do it on their own in the party-line multitrillion-dollar spending and tax bill being considered separately.
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