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U.S. Senate to tackle debt ceiling, Majority Leader Schumer says

Stock Markets Nov 13, 2022 12:50PM ET
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© Reuters. FILE PHOTO: U.S. Senate Majority Leader Chuck Schumer (D-NY) speaks to reporters following the Senate Democrats weekly policy lunch at the U.S. Capitol in Washington, U.S., September 20, 2022. REUTERS/Elizabeth Frantz/File Photo

(Reuters) - The U.S. Senate will need to address the nation's debt ceiling in coming weeks, Majority Leader Chuck Schumer said on Sunday, vowing to tackle it and other major issues in a "productive" session before the current Congress ends.

"The debt ceiling of course, is something that we have to deal with, and it's something that we will look at over the next few weeks," the Senate's top Democrat said at a news conference in New York City.

Democratic leaders in the Senate will meet this week to discuss their legislative path forward, Schumer added, declining to discuss any specifics.

U.S. Senate to tackle debt ceiling, Majority Leader Schumer says
 

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Comments (6)
Alan Rice
Alan Rice Nov 13, 2022 2:20PM ET
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On what planet are Democrats concerned about the ($32,000,000,000,000) National Debt ??
Casador Del Oso
Casador Del Oso Nov 13, 2022 2:10PM ET
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Joe's next move will be to raise income taxes with the current lame duck congress.
Roger Miller
Roger Miller Nov 13, 2022 1:54PM ET
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Too bad we all can’t keep raising our debt ceilings. What happens when the markets say enough is enough of the unending borrowing and the money printing that helps fund it? The high inflation is just a tiny taste of what happens.
Robert Conley
Robert Conley Nov 13, 2022 1:11PM ET
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#tradewithchuck
JIM VETTER
JIM VETTER Nov 13, 2022 1:09PM ET
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Lol, by tackle he means abolish. The dems want to spend even more money without regard to debt. They're too s tu pid to understand their reckless spending fans the flames of inflation
Kris Jay
Kris Jay Nov 13, 2022 1:09PM ET
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i wouldnt say too stupid, but sly like a fox.   they spend the money to buy votes.  each successive generation of voters with a lower quality of life and less real income.
Nicholas in North Carolina
Nicholas in North Carolina Nov 13, 2022 1:09PM ET
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Fact check: Dems spend money and raise taxes (but only on the rich and corporations) not you and me. Prudent fiscal policy. Reps spent money and cut taxes on rich leading to $2T deficit and fueling inflation. Reckless fiscal policy.
Dave Jones
Dave Jones Nov 13, 2022 12:57PM ET
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LMAO! It's impossible!
 
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