Connect with us

Black Listed

Senate Races for Debt Ceiling Deal

Hours Ahead Of Debt Ceiling, Congress Scrambles For A Deal

Senate leaders expressed optimism about forging an eleventh-hour bipartisan agreement Wednesday that would avoid a government default after their House colleagues failed to produce a plan that could pass muster.

Senate Majority Leader Harry Reid (D-Nev.) and Minority Leader Mitch McConnell (R-Ky.) were set to pick up the pieces following a fractious and fruitless night in the House that did little more than run down the clock. “Given tonight’s events, the Leaders have decided to work toward a solution that would reopen the government and prevent default,” McConnell spokesman Don Stewart said in a statement. “They are optimistic an agreement can be reached.”

Their effort to forge a deal acceptable to both parties to restart the government and renew its authority to borrow was given fresh urgency on Tuesday by a warning issued by Fitch Ratings, the third-largest credit rating agency, which said the debacle in Washington meant it was placing the country’s long-term credit rating under review for a potential downgrade.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Haitian Restaurant Feeding Unpaid Miami TSA Workers Haitian Restaurant Feeding Unpaid Miami TSA Workers

Haitian Restaurant Feeding Unpaid Miami TSA Workers

News

Rep. Alexandria Ocasio-Cortez Hits Back at GOP With New Dance Video

News

Lauren Underwood is the Sworn in as Youngest Black Woman in Congress Lauren Underwood is the Sworn in as Youngest Black Woman in Congress

Lauren Underwood Sworn in as Youngest Black Woman in Congress

News

Ayanna Pressley, Massachusetts Ayanna Pressley, Massachusetts

Meet the Diverse Group of History-Making Women Entering Congress

EBONY Exclusive

Advertisement
Connect
Newsletter Signup