43 US Republican senators refuse to approve debt ceiling hike
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A group of 43 Republican Senators, including Republican Minority Leader Mitch McConnell, have refused to approve an increase in the national debt ceiling without budgetary reforms, the agency said. Bloomberg.
“Our economy is in free fall due to unsustainable fiscal policy. We will not vote for a bill that would raise the debt ceiling without significant spending and budget reforms,” the letter from Republican senators to Democratic Majority Chief Chuck Schumer said in a letter.
As Senator Mike Lee stressed, Republicans have more than enough votes in the Senate to stop any bill to raise the US national debt ceiling that does not include significant spending and budget reforms.
It is expected that in the near future the administration of US President Joe Biden and leading representatives of the American Democratic Party will enter into negotiations with the Republicans to try to change their position on raising the national debt ceiling.
The United States has less than a month to reach its debt ceiling, Treasury Secretary Janet Yellen warned. On May 1, she sent a corresponding letter to Speaker of the US House of Representatives Kevin McCarthy. It states that “by the beginning of June, and possibly even by June 1,” the agency will not be able to continue to meet all government obligations unless Congress increases or suspends the public debt threshold by that time.
Read more in the infographic “Kommersant” “The United States has a month left to resolve the situation with the public debt”.
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