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LIVE: Democrats Hit Impasse on Biden Agenda, Debt Ceiling Increase | Top News
Posted
September 29, 2021
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23:59:39Now Playing(Sept. 29) Democrats hit a wall in their high-stakes effort to simultaneously avert a government shutdown, avoid a debt default and advance President Joe Biden’s $4 trillion agenda, as feuding gripped lawmakers and a looming economic catastrophe shook markets.
A group of progressive Democrats on Tuesday said they would defy House Speaker Nancy Pelosi and oppose a bipartisan infrastructure bill in a planned Thursday vote without separate legislation for the bigger piece of Biden’s economic plans, which is still under negotiation.
In the Senate, Republicans for the second time in as many days blocked a Democratic move to raise the federal debt limit, escalating risk less than three weeks before the U.S. Treasury potentially runs out of capacity to avert a federal payments default.
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