
Schumer does not rule out including debt limit in Democrats' economic package
CNN
Senate Majority Leader Chuck Schumer did not rule out including raising the nation's borrowing limit in the Democrats' massive economic plan which is currently being written.
"We are discussing all of the options with the President and Speaker Pelosi," Schumer said when asked if including the debt ceiling in reconciliation was an option.
Congress must act in order to raise the nation's borrowing limit. Reconciliation is a budget process by which the Senate can pass legislation with only 50 votes, meaning Democrats would not need Republican support.
More Related News