Senate set to dissect GOP debt plan
By KATHERINE TULLY-MCMANUS and DANIELLA DIAZ
05/01/2023 07:59 AM EDT
SENATE SETS A TRIAL — Senate Majority Leader Chuck Schumer announced in a Dear Colleague letter this morning that Senate committees will hold hearings on the House Republicans legislation on the debt limit and spending cuts that passed the House last week.
The move is not an attempt to move the bill forward, but to message against the proposed cuts.
“The Senate will show the public what this bill truly is. Beginning this week, our Committees will begin to hold hearings and expose the true impact of this reckless legislation on everyday Americans. On Thursday, the Budget Committee will hold a hearing on the Default on America Act,” Schumer (D-N.Y.) writes, creating his own moniker for the GOP proposal.
The Senate Budget Committee hearing on Thursday will feature Mark Zandi, the chief economist at Moody’s Analytics and leaders of the Environmental Defense Fund and the Solar Energy Industries Association.
New month, same standstill: A soggy Washington weekend didn’t spark fresh attitudes toward debt ceiling negotiations and positions of both Republicans and Democrats seem as entrenched as they were before the House passed its GOP debt ceiling and spending cuts package.
Sen. Chris Coons (D-Del.) says Republicans are “demanding hostage negotiations” while House Majority Leader Steve Scalise (R-La.) says President Joe Biden is “running out the clock” on the debt limit.
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