WASHINGTON (AP) – Democratic congressional leaders backed by the White House have announced they will push ahead with a vote to fund the government and suspend the debt limit.
They are all but daring Republicans to quit opposing the package or risk a fiscal crisis.
Congress must fund the government in the next 10 days, or risk a federal shutdown. It needs to raise the nation’s borrowing limit, or the U.S. will default on its debt.
All of this is happening while Democratic lawmakers are laboring to move President Joe Biden’s massive $3.5 trillion “build back better” agenda.
Meantime, stocks sank Thursday amid the debt ceiling standoff and continued global threats.
