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15:08
US economy creates far fewer jobs than expected in September
Meanwhile, our live corporate blog follows the just released September employment numbers and it doesn’t look good.
The american economy is expected to create an additional 500,000 jobs in September, but in reality only added 194,000 jobs.
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14:56
Democrats draw a line in the sand when it comes to raising the debt limit again in the next few weeks.
Republicans said from the start that they wanted Democrats increase the limit “by themselves” via budget reconciliation, a long and cumbersome process that will hamper the democratic legislative agenda.
Congress is only allowed to go down the fiscal reconciliation route three times a year, and Democrats have already used it to pass a $ 1.9 billion Covid-19 relief bill and now try to use to pass Biden $ 3.5 million “human infrastructure” reconciliation bill to strengthen safety net, health and environment programs.
In addition, Democrats have the battle for right to vote in front of them.
Senate Chris Coon comes out loud saying that Democrats will not use reconciliation to deal with the debt ceiling. “We didn’t do it this time, we won’t do it next time,” he said.
The hill
(@the hill)Senator Chris Coons: “Senator McConnell issued a statement that he expects that, over the next six weeks, we will use reconciliation to settle the debt ceiling. We will not. We will not. didn’t do it this time, we won’t do it next time. ” pic.twitter.com/1s1x5oZJT7
14:39
here is White House statement on the adoption by the Senate yesterday of the agreement to raise the debt limit through 480 billion dollars through December 3. From the White House press secretary Jen psaki:
Tonight’s votes are welcome steps towards avoiding a default that would have been devastating to our economy and to working families. President Biden looks forward to signing this bill as soon as it passes the House and reaches his office. It remains focused on the task ahead of quickly adopting its economic agenda and making vital investments in jobs, competitiveness and lower prices for the middle class.
These votes underscore that raising the debt ceiling is a shared responsibility pay off debts incurred in the past by presidents and congresses on both sides – a debt that has nothing to do with President Biden’s fully paid economic program. As we move forward, it shouldn’t be a question of whether America will pay its bills; Congress to address debt limit in December and beyond – just like we have done almost 80 times in the past 60 years. Eleven Republicans did their part tonight, finishing obstruction and allow Democrats to do the job raise the debt ceiling. As the coming months approach, we hope even more Republicans will join Democrats in responsibly tackling the debt limit instead of choosing default or obstruction.
We cannot allow partisan politics to hold our economy hostage, and we cannot allow the routine process of paying our bills to turn into a political showdown that shakes confidence every two years or every two months.
14:21
Debt Limitation Deal Comes to House Amid Partisan Tensions
Hello, live blog readers. Happy friday.
We are not done with the debt limit one more deal – and, of course, let’s all remember that we won’t be done with the debt ceiling for a while, because we will have to redo everything in a few weeks, because the deal does not extend the ceiling by the debt of 480 billion dollars through December 3.
With a 50-48 votes, the Senate on Thursday evening approved the deal to expand the government’s borrowing power, with the lodge returning early from the break to vote on Tuesday.
Politico reports ‘screaming match’ broke out on Senate floor after vote, with Republican senators Mitt Romney and John Thune not too happy with the majority leader Chuck schumer and what they thought was a derogatory speech.
Here’s the video of the heated exchange – Schumer is seated in the middle left when approached by Romney and Thune.
Jeremy Art
(@cspanJeremy).@playbookdc @Politics leads with a “screaming match” on the Senate floor after the debt limit vote when Senators Romney and Thune confronted Senate Majority Leader Schumer.
Here is the @cspan clip. pic.twitter.com/tWC072o8j3
Schumer had castigated the Republicans to play a “dangerous and risky partisan game” and say Democrats were able to “pull our country off the edge of the cliff that Republicans have tried to push us on.”
The hill
(@the hill).@SenSchumer: “Our caucus held firm and we pulled our country off the edge of the cliff that Republicans tried to push us on.” pic.twitter.com/RG7hexV2Wi
The Republicans had twice used the obstruction prevent Democrats from raising the debt ceiling and threatened to do so again before the deal. Their argument was that Democrats should increase the limit “on their own” via budget reconciliation, a long and cumbersome process that would have consequences for the future legislative agenda of the Democrats.
Democrats then essentially bluffed by threatening to change the filibuster rules, after which the minority leader Mitch mcconnell offered the deal.
Frank Thorp V
(@frankthorp)THUNE, who voted yes on the fence, said of Schumer’s speech: “I thought it was totally irrelevant”
“I just thought it was an incredibly partisan speech after we came to help them solve a problem,” he said.
“I let them have it,” he said.
Burgess everett
(@burgessev)Romney approached Schumer after his speech to express his displeasure. Schumer hammered Republicans during his speech
Romney put it this way: “There is a time to be gracious and there is a time to be combative. It was a time of grace and common ground.
centrist democratic senator Joe manchin could be seen putting his head in his hands during Schumer’s speech, which he later called “inappropriate.”
Caitlin Emma
(@caitlinzemma)Manchin: “Chuck’s frustration was there. But that was no way to get rid of it. We just disagree. I would have done it differently.
Claims he * didn’t * say it was a terrible embarrassment. https://t.co/nJnH2HK6hA
Meanwhile, senior Senate Republicans are now advancing a disinformation campaign on the debt ceiling, distorting the reasons for having to raise the nation’s borrowing ceiling, Hugo lowell reports.
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