• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 20th, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
A cyclist passes by the U.S. Capitol building, on the morning of the first day of the 118th Congress in Washington, DC, U.S., January 3, 2023. Jon Cherry
A cyclist passes by the U.S. Capitol building, on the morning of the first day of the 118th Congress in Washington, DC, U.S., January 3, 2023. Jon Cherry
Home
World
United States

Senate Republicans oppose vote just to raise US debt ceiling, push for other priorities

May 6th, 2023 | 20:23 PM WORLD United States 2

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

Trump the builder carves his legacy in stone as pressures mount
Washington Dulles airport gains approval for $19.9 billion overhaul
IndyCar race comes to Washington, tracing a city reshaped by Trump
Trump put thousands of soldiers on Washington’s streets. They seldom stop crime  
By Reuters

A group of 43 Republicans in the U.S. Senate said they oppose voting on a bill that only raises the U.S. debt ceiling without tackling other priorities, in a letter to Democratic Senate Majority Leader Chuck Schumer, showing they could block such a plan by Democrats.

Citing an economy "in free fall," the Republicans, led by Senator Mike Lee and including Minority Leader Mitch McConnell, said "substantive spending and budget reforms" need to be "a starting point" for negotiations.

The offices of McConnell, Schumer and other lawmakers did not immediately respond to requests for comment.

Several moderates including Senators Mitt Romney and Lisa Murkowski did not sign the letter. Senator Susan Collins, another moderate Republican and the vice chair of the Senate Appropriations Committee, also did not sign.

U.S. President Joe Biden, a Democrat, in recent days has criticized Republicans for threatening not to raise the debt limit unless Democrats agree to steep budget cuts. Biden will meet with four top congressional leaders on Tuesday to discuss spending priorities, according to the White House.

U.S. Treasury Secretary Janet Yellen said in a recent letter to Congress that the agency may be unable to meet all of its debt obligations as soon as June 1 if the debt ceiling is not raised. The political standoff has raised concerns over a default that could reverberate across global financial markets.

Schumer said this week that the Senate might consider a bill that only raises the debt ceiling without addressing other Republican priorities. With only a 51-49 majority in the Senate, Schumer would need the support of at least nine Republicans to clear a 60-vote threshold to advance such legislation.

The latest Senate Republican letter shows the party could block a so-called "clean" debt ceiling bill.

The House in late April passed a bill to raise the government's $31.4 trillion debt ceiling that includes sweeping spending cuts over the next decade.

However, that measure is not expected to pass in the Senate and would be vetoed by Biden if it did.

  • Topic
  • USA
  • DEBT/SENATE (PIX)
Facebook Twitter Google+ LinkedIn Pinterest
Previous article Trump the builder carves his legacy in stone as pressures mount

Related Posts

United States
August 19th, 2026

Trump the builder carves his legacy in stone as pressures mount

United States
August 19th, 2026

Washington Dulles airport gains approval for $19.9 billion overhaul

United States
August 19th, 2026

IndyCar race comes to Washington, tracing a city reshaped by Trump

United States
August 19th, 2026

Trump put thousands of soldiers on Washington’s streets. They seldom sto...

United States
August 18th, 2026

DOJ issues subpoenas in probe of Alaska candidate with same name as Sena...

United States
August 18th, 2026

US housing market remains under pressure in July; factory output rises

The Wire
Aug 20th 5 h ago
Technology

China puts robocops on traffic duty, minus the arrest power...

Aug 20th 5 h ago
Soccer

Japan's Miura, 59, becomes oldest scorer in Emperor's Cup h...

Aug 20th 5 h ago
Environment

A decade after earthquake, Italy's Amatrice struggles to re...

Aug 20th 5 h ago
ROI: Reuters Open Interest

The Iran war energy crisis is just getting started

Aug 20th 6 h ago
Media & Telecom

'Baby Shark' boy returns to stage as a K-pop singer

TRENDING ON FINANCETIME
Aug 20th, 2026 Litigation

SK Hynix to pay 60% of employee bonuses in company stock under preliminary deal, says source

Aug 20th, 2026 Asia Pacific

Outsider who could decide New Zealand's next government wants to tax wealth, not work

Aug 20th, 2026 Business

Aegon raises share buyback plan to 350 million euros

Aug 20th, 2026 Africa

South Africa's Exxaro half-year profit down 20%, cuts dividend

Aug 20th, 2026 Cricket

Australia look for response to 'Darwin Disaster' in second Bangladesh test

Markets-Sectors
BASIC MATERIALS +1.43%
UTILITIES +0.00%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT