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Senate passes debt limit bill after marathon 11 amendment votes to avoid default
Senate passes debt limit bill after marathon 11 amendment votes to avoid default
The Senate voted late on Thursday night to raise the debt limit and avoid allowing the United States to default on its debt for the first time in history after having an all-night marathon session of votes to assuage Republican concerns. The legislation passed 63 to 36 after senators held 11 votes on amendments —10 from Republicans and 1 from Democrats — to address concerns about the bill. All but five Senators in the Democratic caucus--Sens Bernie Sanders (I-VT), Elizabeth Warren (D-MA), Ed Markey (D-MA), John Fetterman (D-PA) and Jeff Merkley (D-OR)--voted for the legislation while 31 Republican Senators opposed it. “America can breathe a sigh of relief because in this process we are avoiding,” Senate Majority Leader Chuck Schumer said before the votes began on Thursday evening. The vote came after the House passed the legislation on Wednesday that was the result of bipartisan negotiations between the House and the White House. The bill will now head to President before 5 June, the date that Treasury Secretary Janet Yellen had warned that the United States would default on its debt. Republicans raised concerns about some of the restraints on defence spending, which is capped at $886bn. “Well, my message is, I'm a Reagan Republican,” Sen Lindsey Graham (R-SC) told The Independent. “And you do military budgets based on threats and you want to fight over the role of the Republican Party on national defence, I welcome the fight.” Mr Graham expressed concern that it would lead to the United States not being able to support Ukraine in its war against Russia. “And if you want to avoid conflict, you better stand up to aggression,” he said. Sen Susan Collins (R-ME) echoed those concerns in a floor speech. “It would trigger an automatic meat an indiscriminate across-the-board cut in our already inadequate defence budget and in the domestic discretionary non-defence funding,” Sen Susan Collins (R-ME) said in a floor speech. “This would happen automatically if in fact all 12 appropriations bills have not been passed.” Ms Collins said that such a problem could be remedied through a defence supplemental package, which other Senators have also discussed. “It was important for some of our members to have folks on the record, acknowledging that there clearly could be a need will be a need for additional assistance for our national security interests,” Senate Minority Whip John Thune (R-SD) told The Independent. But some Republicans said they still opposed the debt limit increase. “Trade deficit with China,” Sen Josh Hawley (R-MO) told The Independent about why he opposed the bill. “Not gonna do anything about it.” Before the votes began, the Senate went into overtime with negotiations, with Sen Kyrsten Sinema (I-AZ) serving as an intermediary between Democrats and Republicans. “The President took too long but he had his own process and we got to save the country from having to fall,” Sen Mitt Romney (R-UT) told The Independent. “Speaker McCarthy has been underestimated and he's proven that he could get something done.” Conversely, Sen Tim Kaine (D-VA) proposed an amendment to strike a provision to expedite the completion of the Mountain Valley Pipeline, a natural gas pipeline that spans from West Virginia to Virginia, that ultimately failed 30 to 69. The pipeline is a top priority for Sen Joe Manchin (D-WV). Mr Manchin celebrated the inclusion of the pipeline in the agreement. “It’s important for our country, very much important,” Mr Manchin told The Independent. The approval of the pipeline triggered Sen Ed Markey (D-MA), an outspoken advocate for combating climate change, from opposing the legislation. But Sen Brian Schatz (D-HI), another climate hawk, said he would vote for it. “The agreement is the agreement we're going to have to vote for it,” he told The Independent. Other Democrats criticised the fact the bill imposed work requirements for the Supplemental Nutrition Assistance Program, known as SNAP and formerly called food stamps, for adults between the ages of 50 and 54 who do not have children and do not have disabilities. “I did not agree to these SNAP restrictions, and I won’t give Republicans an opening to try and take food from more food insecure Americans in Farm Bill negotiations later this year,” Mr Fetterman said in a statement after the vote. “As I communicated to leadership and the White House, I would have voted to avoid default if it would have made the difference. All in all, this was a tough vote and an ugly situation manufactured by extortionists. While we avoided a catastrophe this time around, we should never put the country in this situation again.” Mr Fetterman said Mr Biden should have invoked the 14th amendment to the US Constitution to avoid a default on the nation’s debt. The vote signals the end to a drawn-out fight between the Republican-controlled House on one end and a Democratic-controlled Senate and the White House on the other. Mr Schumer said the quick passage of the legislation showed the willingness to the Senate to avoid a catastrophic default. Read More 'Shrink the room:' How Biden and McCarthy struck a debt-limit deal and staved off a catastrophe Underestimated McCarthy emerges from debt deal empowered as speaker, still threatened by far right Biden and McCarthy’s debt limit deal went through – but there are winners and losers 'Shrink the room:' How Biden and McCarthy struck a debt-limit deal and staved off a catastrophe Biden and McCarthy’s debt limit deal went through – but there are winners and losers What’s next for Biden-McCarthy debt limit deal as Senate races to beat default?
2023-06-02 11:20
US FTC to probe Qualcomm's purchase of Israel's Autotalks - Politico
US FTC to probe Qualcomm's purchase of Israel's Autotalks - Politico
The U.S. Federal Trade Commission (FTC) is expected to open an in-depth probe on Wednesday of Qualcomm’s purchase
2023-08-23 05:23
Marcus Rashford signs new five-year contract with Manchester United
Marcus Rashford signs new five-year contract with Manchester United
Marcus Rashford has signed a new five-year contract to stay at Manchester United and carry on living his dream. United have rewarded their 30-goal top scorer with a pay rise and Rashford agreed to stay at Old Trafford until 2028 after a successful end to months of talks. Rashford has been rejuvenated under Erik ten Hag, after only scoring five times in 2021-22, and while his previous deal was due to expire next summer, the Dutchman was long confident about keeping him. Rashford, who had attracted interest from Paris Saint-Germain, scored in the final as United won the Carabao Cup, their first trophy for six years, and set his sights on securing more silverware. He said: “I joined Manchester United as a seven-year-old boy with a dream. That same passion, pride, and determination to succeed still drives me every time I have the honour of wearing the shirt. I’ve already had some amazing experiences at this incredible club, but there is still a lot more to achieve and I remain relentlessly determined to win more trophies in the years ahead. “As a United fan all my life, I know the responsibility that comes with representing this badge and feel the highs and lows as much as anyone. I can assure you that I will give everything to help the team reach the level we are capable of, and I can feel the same determination around the dressing room. I couldn’t be more excited for the future under this manager.” Rashford’s new deal is a third key part of United’s summer business, along with buying Mason Mount and the imminent signing of Andre Onana, after a fee with agreed with Internazionale and the goalkeeper accepted personal terms. He has scored 123 goals in 359 games since debuting in 2016 and director of football John Murtough believes Rashford can become one of the best forwards in the world. He said: “Ever since he joined our academy 18 years ago, Marcus has epitomised what it takes to succeed as a Manchester United player. He is a brilliant talent but also humble, dedicated and driven. As he enters his prime years, we know there is still so much more to come from him, and we can see the hunger that Marcus feels to achieve the highest levels of success here at Manchester United. “Working with Erik ten Hag and his coaches is the perfect environment for Marcus to continue to develop into one of the best attacking players in the world.” United have also temporarily re-signed Jonny Evans on short-term deal that only covers pre-season. The former Leicester captain, who made 199 appearances before leaving Old Trafford in 2015, is in the squad for Wednesday’s friendly against Lyon in Edinburgh. The 35-year-old is also set to feature in the academy team who will face Wrexham in San Diego. Read More Jonny Evans returns to Manchester United on short-term deal for pre-season tour Man Utd reach breakthrough in Marcus Rashford contract talks Fury announces next fight and Messi relaxes – Tuesday’s sporting social Brighton reject second Chelsea bid for midfielder Moises Caicedo
2023-07-19 00:19
Did Jeffrey Ferguson confess to his crime? California judge reportedly sent text to clerk saying he 'lost it' after fatally shooting wife
Did Jeffrey Ferguson confess to his crime? California judge reportedly sent text to clerk saying he 'lost it' after fatally shooting wife
Jeffrey Ferguson fatally shot his wife, Sheryl, after an argument in his home
2023-08-12 17:17
Chinese financial watchdog warns of risks as Premier Li takes helm
Chinese financial watchdog warns of risks as Premier Li takes helm
BEIJING China's Central Financial Commission (CFC), with Premier Li Qiang in place as its head, urged stronger supervision
2023-11-21 02:54
Dublin riots – latest: Police give update on stabbing victims as five-year-old girl fighting for her life
Dublin riots – latest: Police give update on stabbing victims as five-year-old girl fighting for her life
Irish police have issued an update on the conditions of the victims of the Dublin school knife attack as a five-year-old girl was left fighting for her life. Garda told The Independent on Saturday afternoon that the girl who was among a number of people stabbed outside Gaelscoil Cholaiste Mhuire primary school in the Irish capital on Thursday remains in critical condition at CHI Temple Street. The six-year-old girl, who was receiving medical treatment for less serious injuries, has now been discharged from hospital, after a boy, aged 5, was previously discharged. The adult woman, a nursery worker aged in her 30s, is in a serious but stable condition in The Mater Hospital. Meanwhile, the adult man, aged in his late 40s, is in a serious but stable condition in a hospital in the Dublin Region. Garda said he remains a “person of interest” in its inquiries as the force continues to investigate the knife attack. It comes as 32 people have been charged over the riots that subsequently broke out across the Irish capital. Leo Varadkar, Ireland’s prime minister, condemned the more than 500 rioters as bringing “shame” on Dublin, Ireland, their families and themselves. Read More Over £280,000 raised for Deliveroo hero who stopped Dublin child knife attack How the Dublin riots began: From flares and fireworks at a crime scene to hundreds-strong mob I lived through the Syrian war – but now I feel unsafe in Dublin Conor McGregor reacts to Dublin riots after declaring Ireland is ‘at war’ Water cannon ‘an available tactic’ for Irish police in Dublin
2023-11-25 22:52
Ex-lover of Spain's former king loses $153 million harassment lawsuit in London court
Ex-lover of Spain's former king loses $153 million harassment lawsuit in London court
Former Spanish King Juan Carlos I has won his London court battle with an ex-lover who sought $153 million in damages for allegedly being harassed and spied after their breakup
2023-10-06 22:16
China's deflation pressure builds as consumer prices falter
China's deflation pressure builds as consumer prices falter
BEIJING (Reuters) -China's producer prices fell at their fastest pace in over seven years in June, while consumer prices teetered
2023-07-10 15:20
Fulton County district attorney wants Trump trial to begin March 4, 2024
Fulton County district attorney wants Trump trial to begin March 4, 2024
Fulton County District Attorney Fani Willis has asked a judge to set a trial date of March 4, 2024, for former President Donald Trump and his 18 co-defendants.
2023-08-17 03:21
Netherlands shocks South Africa with upset win at Cricket World Cup
Netherlands shocks South Africa with upset win at Cricket World Cup
On the heels of Afghanistan beating defending champion England, the Netherlands caused another upset at the Cricket World Cup by beating South Africa by 38 runs
2023-10-18 02:52
UK Borrowing on Track to Undershoot as Inflation Boosts Tax
UK Borrowing on Track to Undershoot as Inflation Boosts Tax
An inflation-induced tax boom has left UK government borrowing on track to come in significantly below official forecasts
2023-10-20 15:49
How to Unlock FR Avancer Assault Rifle in Warzone Season 5
How to Unlock FR Avancer Assault Rifle in Warzone Season 5
Players can now unlock the FR Avancer Assault Rifle in Warzone Season 5 for free by reaching Sector E8 of the Battle Pass.
2023-08-02 23:57