💰🏛️ Da Fight Ova Debt Limit Move to da Senate as Default Date Come Closer

Da leadahs from both parties tell ’em fo’ take action quick fo’ avoid one default, but get some senators who like make changes. 📢💼💔

Da discussion on one bipartisan bill fo’ stop da debt limit an’ put spending caps start movin’ to da Senate on Thursday. Da leadahs from both parties racing fo’ stop any efforts fo’ sabotage da bill from both parties an’ clear ’em fo’ President Biden fo’ sign befo’ we reach da day of potential government default on Monday. ⏰🚫💸

Da day aftah da House pass da legislation by one big margin, Senator Chuck Schumer from New York, one Democrat an’ da majority leadah, say da Senate goin’ stay in session ’til dey approve da package. He tell da lawmakers fo’ no play games or do any brinkmanship bumbai da X-date, which be when Treasury Secretary Janet L. Yellen say da government goin’ run outta cash fo’ pay deir bills. 💼🤝💵

“Time stay somethin’ we no can afford fo’ waste if we like prevent default,” Mr. Schumer say. “June 5 stay less than four days away. At dis point, any unnecessary delay o’ last-minute holdups goin’ be one risky an’ even dangerous move.” 🕒⌛🚫

But da timeline fo’ Senate action stay not set yet, an’ officials warnin’ dat da bill might not get approved until Friday at da soonest. Plus, get critics who expressing deir dissatisfaction wit’ da plan. 😕🏛️

While da deal stay movin’ from da House to da Senate, da consequences from da debt limit still causin’ problems. Da Treasury wen announce on Thursday dat dey goin’ delay da auctions fo’ three-month an’ six-month “bills” — short-term debt dat da government no can take on until da borrowing cap pau. 💰🏢🚫

Plenny senators say dey like propose amendments to da bill. Da bill suspends da $31.4 trillion debt ceiling fo’ two years an’ make spending cuts on domestic programs. If dey no get da chance fo’ propose amendments, dey can slow down da process. 😒📝

Senators stay negotiatin’ which amendments goin’ be allowed on da floor, but Mr. Schumer no like ’em. He like defeat any changes. If gotta make changes, da bill goin’ go back to da House, an’ dey no goin’ take any action befo’ da default deadline. 🚫🗳️

“Any change fo’ dis bill dat make us send ’em back to da House, no can accept ’em,” he say. “It goin’ guarantee one default fo’ real.” 💢📜🚫

One senator who tryin’ get votes fo’ make change is Senator Tim Kaine from Virginia. He like take out one provision from da bill dat goin’ speed up da approval of one oil pipeline in West Virginia. 🛢️🚧

“I support tryin’ fo’ make da process better fo’ all energy projects,” Mr. Kaine say. “But if Congress make it so one specific project no need fo’ follow da same process as everybody else, dat unfair an’ can lead to corruption.” 🤝🛢️💔

Some conservative Republicans also like propose cutbacks fo’ spendin’ in da bill. Oddahs complain ’bout da amount of money goin’ to da Pentagon, sayin’ it stay too small an’ goin’ affect da military readiness. But goin’ fo’ changes at dis point goin’ make problems an’ stop da bill. Da leadahs probably goin’ set da threshold fo’ approval of changes at 60 votes fo’ make ’em easier fo’ defeat. 💰💂‍♂️📜

Aftah control much of da legislative agenda fo’ da past two years, da Senate wen leave da negotiatin’ fo’ da debt limit to Mr. Biden an’ Speaker Kevin McCarthy. Dem guys wen demand cutbacks fo’ spendin’ an’ oddah policy changes dat almost make da country default. As one result, da senators no get much say in da negotiations an’ now gotta approve da legislation dat dem no even help shape. 🤷🏻‍♂️🏛️💸

But Senator Mitch McConnell from Kentucky, da minority leadah, tell his fellow Republicans fo’ back da plan. 🐢👍

“Las’ night, plenny guys from our House colleagues wen vote fo’ pass da agreement dat Speakah McCarthy make wit’ President Biden,” he say. “By doin’ dat, dey take one urgent an’ important step in da right direction fo’ our economy an’ da future of our country.” 🗣️📜🏛️💼

As da debate continue in da Senate, da pressure stay on fo’ find one resolution an’ prevent da risk of default. Da outcome goin’ have significant impacts on da economy an’ da well-bein’ of da country. All eyes stay on da Senate as dey work through dis crucial issue. 🤔💼🏛️📜🤝

NOW IN ENGLISH

💰🏛️💔 Debt Limit Fight Moves to the Senate as Default Date Nears

Leaders of both parties urged quick action to avoid a default, but some senators want changes. 📢💼🤔

Debate on a bipartisan bill to suspend the debt limit and impose spending caps moved on Thursday to the Senate, where leaders of both parties were racing to quell shut down efforts to derail it in both parties in time to clear the measure for President Biden’s signature before a potential government default on Monday. ⏰🚫💸

The morning after the House overwhelmingly passed legislation, Senator Chuck Schumer, Democrat of New York and the majority leader, said the Senate would remain in session until it approved the package. He warned lawmakers against engaging in brinkmanship before the so-called X-date, when Treasury Secretary Janet L. Yellen has said the government will run out of cash to pay its bills. 💼🤝💵

“Time is a luxury the Senate does not have if we want to prevent default,” Mr. Schumer said. “June 5 is less than four days away. At this point, any needless delay or any last-minute holdups would be an unnecessary and even dangerous risk.” 🕒⌛🚫

But the timetable for Senate action was in flux, with officials cautioning that the bill might not be approved until Friday at the earliest and critics venting their dissatisfaction with the plan. 😕🏛️

Even as the deal migrated across the Capitol, the effects of the debt limit continued to pinch. The Treasury announced on Thursday that it would delay auctions of three-month and six-month “bills” — short-term debt that the government no longer has room to take on until the borrowing cap is suspended. 💰🏢🚫

Multiple senators have said they want to propose amendments to the bill, which suspends the $31.4 trillion debt ceiling for two years while cutting spending on domestic programs. They have the ability to slow the measure procedurally if they are denied the opportunity. 📝🛑💼

Senators were negotiating which amendments would be allowed on the floor, but Mr. Schumer was determined to defeat them. Any changes would force the measure back to the House, where no action would be likely to occur before the default deadline. 🗳️🚫🔁

“Any change to this bill that forces us to send it back to the House would be entirely unacceptable,” he said. “It would almost guarantee default.” 💢📜🚫

Among those seeking votes is Senator Tim Kaine, Democrat of Virginia, who on Thursday called for stripping a provision from the legislation that would expedite the approval of an oil pipeline in West Virginia. 🛢️🚧

“I support improving the permitting process for all energy projects,” Mr. Kaine said. “But Congress putting its thumb on the scale so that one specific project doesn’t have to comply with the same process as everyone else is the definition of unfair and opens the door to corruption.” 🤝🛢️💔

Several conservative Republicans also want to offer proposals for deeper spending cuts in the measure, while others criticized the Pentagon spending figures in the bill, saying they were too low and could hinder military readiness. But pursuing changes at this point would prove problematic and derail the legislation. Leaders were likely to set the threshold for approval of changes at 60 votes to make them easier to defeat. 💰💂‍♂️📜

After driving much of the legislative agenda the previous two years, the Senate left negotiating on the debt limit to Mr. Biden and Speaker Kevin McCarthy, whose demand for spending cuts and other policy changes brought the country to the brink of default. As a result, senators had little influence over the negotiations and are now being forced to approve legislation they did not help shape. 🏛️🔀💼

But Senator Mitch McConnell of Kentucky, the minority leader, urged his fellow Republicans to back the plan. 👍🐢

“Last night, an overwhelming majority of our House colleagues voted to pass the agreement Speaker McCarthy reached with President Biden,” he said. “In doing so, they took an urgent and important step in the right direction for the health of our economy and the future of our country.” 🗣️🏛️📜💼

As the debate continues in the Senate, the pressure is on to find a resolution and prevent the risk of default. The outcome will have significant impacts on the economy and the well-being of the country. All eyes are on the Senate as they work through this crucial issue. 🤔💼🏛️📜🤝