Senate seeks bipartisan solution to debt crisis amidst political divide.

1 min read
Source: POLITICO
Senate seeks bipartisan solution to debt crisis amidst political divide.
Photo: POLITICO
TL;DR Summary

The Senate is not yet working on legislation to overcome a Senate filibuster, win a House majority, and get President Joe Biden’s signature to raise the nation's borrowing limit. Financial analysts are increasingly worried that the nation could default on its debt by early June if the limit isn’t raised. Senate Democrats say there’s no negotiation to be had no matter what transpires in the lower chamber this week. The current standoff is inextricably linked to the precedent its resolution might set for the next debt limit fight.

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