U.S. Senate rejects short-term budget bill and bill to suspend debt ceiling
Possibility of federal government shutdown…Infrastructure and welfare budget processing twisted
Washington Capitol, USA. Washington = Associated Press
As the Congressional budget war continues, the United States is one step closer to the default (default) state bankruptcy. If the battle between the Democratic and Republican parties on the brink of the passage of the 2022 fiscal year budget continues, the future cannot be guaranteed. The battle behind the scenes to prevent the federal government’s ‘shutdown’, which has a deadline of 30 days, is also getting fiercer.
The U.S. Senate held a plenary session on the 27th (local time) and rejected the short-term budget bill and the bill to suspend the application of the debt limit passed from the House of Representatives with 48 votes in favor and 50 votes against. The Democrat-majority House of Representatives passed a Budget Continuity Resolution (CR) related to funds that could temporarily run the federal government until December 3 in case the budget is not passed before the 30th, and a two-year grace period for the debt ceiling. sent to the Senate However, as Republicans led the way to block the passage of the bill that day, a deadlock became inevitable.
Senate Minority Leader Chuck Schumer said after the bill was rejected, “The Republican Party has made it clear that it is the ‘default party’. The price will be paid by the American people.” Republican Senate Majority Leader Mitch McConnell, on the other hand, said, “The Democrats control the entire government, including the House and Senate and the White House. did.
Treasury Secretary Janet Yellen told lawmakers that “unless Congress approves the additional borrowings, they will not be able to pay interest on time as early as next month,” the Wall Street Journal reported. It is a warning that an unprecedented US default is expected after mid-October.
US President Joe Biden receives a booster shot from the COVID-19 vaccine at the South Court Auditorium in the Eisenhower Administrative Building of the White House on the 27th. Washington = EPA
This is a situation that was expected as the voting schedule for the $1.2 trillion (approximately 1,410 trillion won) budget for infrastructure (infrastructure), which was originally scheduled to be processed on the 27th, was moved to the 30th. The infrastructure budget, approved by Republican lawmakers as well as Minority Leader McConnell, is linked with the $3.5 trillion (about 4,110 trillion won) social welfare budget pushed by progressive Democrats. President Joe Biden and the Democratic leadership aimed to pass the passage at the same time, but separate processing is inevitable.
Minority leader McConnell, who holds the key, is in the position to pass the CR to prevent the shutdown first. The strategy is to discuss additionally a bill to suspend the application of the debt limit that is linked to the size of the social welfare budget. House Speaker Nancy Pelosi, a Democrat, is planning to find a compromise with Republicans by first passing the infrastructure budget in the House and then reducing the size of the social welfare budget, the New York Times reported.
President Biden gave a booster shot to the new coronavirus infection (COVID-19) vaccine at the White House on the same day, saying, “(This vote) is at stake. (But) it may not be until this weekend.”
Washington = Jeong Sang-won correspondent ornot@hankookilbo.com
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