Matt Gaetz, who when asked about the mood of conservative members, told Semafor that they “don’t feel like we should negotiate with our hostage.” The White House hit out at Republican negotiators, accusing them of holding middle class jobs "hostage" and “caving” to the most conservative members of the Republican caucus, in a memo released this afternoon.Īndrew Bates, a White House spokesperson, criticized House Republicans, who he said were "threatening to actively harm their own constituents unless extreme demands are met."īates pointed to a quote from hardliner Republican Rep. Jan Schakowsky, D-Ill., closed with an impassioned speech, highlighting a woman who "called my office in tears" about the potential of losing her $1,200 monthly income. It would jeopardize Social Security payments for 54,000 families in his district," she said. “Even a short-term default would kill over 62,000 jobs in his district alone. Ilhan Omar, D-Minn., echoed a similarly bleak tone, specifically discussing how defaulting on the debt would impact McCarthy's own constituents in California. Pramila Jayapal, D-Wash., adding Republicans have rejected including closing tax loopholes, a billionaire minimum tax and $3 trillion worth of general deficit reduction. "What are they proposing instead? They want you to foot these bills for these tax cuts," said caucus Chair Rep. Members decried McCarthy and the GOP for their continued unwillingness to negotiate, taking a more offensive tone. The Progressive Caucus held an afternoon press conference where it addressed the ongoing debt negotiations. "It's now time for House Republicans to break with the extreme wing of their party and join House Democrats to put an end to the default crisis."
"House Democrats have provided a vehicle to end this reckless and dangerous default crisis and avoid the economy crashing," Minority Leader Hakeem Jeffries, D-N.Y., said. Typically in the House, the majority controls what bills reach the floor and the minority party has little say.īut the discharge petition is a little-known, rarely used tool that gives the minority the ability to force a vote on the floor if it can secure signatures from 218 members, a simple majority of the chamber. So far, no Republicans have agreed to support it. She made the announcement in a dramatic fashion, just moments after a top aide slipped her a note while she stood on the dais at the news conference.ĭemocrats still would need at least five GOP votes to bypass McCarthy and pass the legislation to avoid default. It’s “another sign of the unity that we have,” Minority Whip Katherine Clark, D-Mass., told reporters, “and we know who we are fighting for - it’s the American people, and that’s what continues to drive our work.” House Democratic leaders said Wednesday that all 213 members of their Democratic Caucus now have signed a discharge petition to bypass McCarthy and force a vote to raise the debt ceiling. S&P followed through with the downgrade Moody's did not. on negative watch during debt ceiling talks in 2011. Moody's and S&P, two other ratings agencies, had placed the U.S. The move is not a downgrade, but a warning it could do so. to honor its obligations in a timely fashion," Fitch said, adding that such a failure was "unlikely to be consistent with a ‘AAA’ rating." "The failure to reach a deal to raise or suspend the debt limit by the x-date would be a negative signal of the broader governance and willingness of the U.S. Treasury exhausts its cash position and capacity for extraordinary measures without incurring new debt)," the agency said in a statement. "The Rating Watch Negative reflects increased political partisanship that is hindering reaching a resolution to raise or suspend the debt limit despite the fast-approaching x date (when the U.S. Fitch Ratings, a top credit rating agency, put the United States’ AAA long term foreign currency issuer default rating on negative watch on Wednesday evening.
0 kommentar(er)
