Senate Majority Leader Chuck Schumer (D-NY) said Thursday that the Senate will move forward with its planned May recess, ending days of speculation amid unfinished negotiations between House Speaker Kevin McCarthy (R-CA) and President Joe Biden to avert a debt default.
Schumer's announcement comes as senators were vocally uncertain if the debt ceiling dispute would prevent them from returning home for a planned recess. Treasury Secretary Janet Yellen says the U.S. will be unable to pay its bills by June 1, while the Senate recess ends May 30. Two days would be nowhere near enough time for the chamber to vote on a negotiated deal, especially given the Senate's current 51-49 split, allowing every member the opportunity to act as a protest vote.
Poster Comment:
Maybe they hop CBDCs will rescue America with a few trillion dollars in old fashioned money printing.