Schumer Vows To Bring Debt Ceiling Bill To Floor ASAP, But House Must First Pass Measure

The New York Democrat urged the House to approve the bill as quickly as possible.

  • Senate Majority Leader Chuck Schumer (D-NY) said it is imperative to move the debt ceiling bill as quickly as possible once it passes in the House, calling the deal a “responsible, prudent, and very necessary way forward.”
  • Schumer voiced his support for the deal unveiled over the weekend by President Joe Biden and House Speaker Kevin McCarthy (R-CA) to raise the federal debt limit through January 2025 and cap spending over the next two years.
  • “I support the bipartisan agreement that President Biden has produced with Speaker McCarthy. Avoiding a default is an absolute imperative,” he said during a speech on the Senate floor Tuesday. “Nobody is getting everything they want. There’s give on both sides. But this agreement is the responsible, prudent, and very necessary way forward.”
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