Senate Democrats to Hold Hearings on GOP's Controversial Debt Deal
Senate committees will hold hearings on the GOP proposal to raise the federal debt limit and cut government spending, but not to move the bill forward. Senate Majority Leader Chuck Schumer announced that the hearings will expose the true impact of the legislation on everyday Americans. Republicans and Democrats remain at loggerheads over debt ceiling negotiations, with the House out of town, leaving the Senate to weigh in on the GOP proposal and how Biden should handle it. Treasury Department officials are expected to update the public soon on the "X date" before which Congress will need to pass a debt limit lift to avoid default.