NewTradingView.com – Investing and Stock News
Investing and Stock News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Editor's Pick

210 Democrats endorse plan to sidestep House GOP in debt limit fight

by May 19, 2023
written by May 19, 2023

Nearly every House Democrat has endorsed an effort to make an end run around House Speaker Kevin McCarthy and bring a clean debt ceiling increase forward for a vote that doesn’t include spending cuts for the federal government.

At the direction of House Minority Leader Hakeem Jeffries, D-N.Y., Democrats began collecting signatures for a discharge petition on Wednesday morning. Discharge petitions can force a vote on legislation even if the majority party objects, but a majority of House lawmakers needs to sign it.

As of Thursday afternoon, 210 House Democrats had signed the discharge petition in the hopes of forcing a vote on a debt ceiling increase. The three Democrats who have not yet put their names to it are Reps. Mary Peltola of Alaska, Ed Case of Hawaii and Jared Golden of Maine.

Republicans have rejected the idea of a clean debt ceiling increase without preconditions. They passed the Limit, Save, Grow Act, which would lift the borrowing limit by $1.5 trillion while also rolling back key Biden administration initiatives and cutting the federal government’s discretionary levels back to what they were in 2022.

Peltola’s office confirmed to Fox News Digital that she will sign the petition and pointed to a statement to explain that the delay was due to a family tragedy.

‘I continue to support the ongoing negotiations by all parties, and believe a discharge petition to bring a clean debt ceiling solution to the floor can provide a valuable backup option. I am currently grieving the loss of my mother, but I intend to sign the discharge petition as soon as I am able to return to D.C.,’ Peltola said.

Golden’s office referred Fox News Digital to an earlier report where the congressman criticized the discharge petition.

Case’s office has not responded to a request for comment.

A discharge petition requires a simple majority of 218 votes, but Democrats only have 213 seats. Republicans across the spectrum have thus far been united behind their call for spending cuts to pair with any debt limit hike.

Jeffries called on every Democrat to sign it in a letter to colleagues sent Wednesday morning, despite expressing some optimism about the prior day’s meeting with congressional leaders and the White House on the debt limit.

‘Emerging from the White House meeting, I am hopeful that a real pathway exists to find an acceptable, bipartisan resolution that prevents a default,’ Jeffries said. ‘However, given the impending June 1 deadline and urgency of the moment, it is important that all legislative options be pursued in the event that no agreement is reached.’

McCarthy dismissed the effort during a press conference later that afternoon.

‘I don’t think it’s going anywhere,’ McCarthy said, referencing the fact that nearly every Republican senator has voiced support for his stance.

‘So, is that even sensible? Is that even being productive? Is that even reasonable? Is that responsible? It seems to me that would be playing into a Biden default.’

Elizabeth Elkind is a politics reporter for Fox News Digital. 

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Ohio constitutional amendment question makes it onto August ballot
next post
Education Department warns against schools encouraging private prayer, other religious activity

You may also like

Debt ceiling agreement in principle reached between Democrats,...

May 28, 2023

Texas House committee debates impeaching Attorney General Ken...

May 28, 2023

Sen. Cruz defends Texas AG Paxton amid impeachment...

May 28, 2023

Judge: School district can bar student from wearing...

May 28, 2023

DeSantis says he would welcome bill to abolish...

May 28, 2023

23 GOP-led states back Florida challenge to Biden...

May 28, 2023

Texas House votes to impeach Republican Attorney General...

May 28, 2023

Biden and McCarthy speak by phone after Speaker...

May 28, 2023

AOC heckled, booed as NYC town hall descends...

May 27, 2023

Biden falsely claims he has ‘four granddaughters,’ again...

May 27, 2023
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Popular Posts

  • 1

    Yes Bank share price crossed key support level: Buy the dip?

  • 2

    Pro says buy Meta stock after it lowered price of its VR headsets

  • 3

    HSBC share price has nosedived: Is it safe to buy the dip?

  • 4

    S&P ASX 200 pops after the RBA decision: is it a buy?

  • 5

    KRE ETF stock: Is it safe to buy the dip in regional banks now?

Recent Posts

  • How Does Energy Consumption in Cryptocurrency Work? 

    May 29, 2023
  • What are the Pros and Cons of Forex Trading – Explained

    May 29, 2023
  • How many trading days in a year: a trading guide by a PRO

    May 29, 2023
  • American Express stock could rally 20% from here: Morgan Stanley

    May 28, 2023
  • Debt ceiling agreement in principle reached between Democrats, Republicans

    May 28, 2023

Categories

  • Economy (573)
  • Editor's Pick (530)
  • Investing (669)
  • Stock (116)
  • About Us
  • Email Whitelisting
  • Terms and Conditions
  • Privacy Policy
  • Contacts

Disclaimer: NewTradingView.com, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


Copyright © 2023 NewTradingView.com All Rights Reserved.


Back To Top
NewTradingView.com – Investing and Stock News
  • Investing
  • Stock
  • Economy
  • Editor’s Pick