No Result
View All Result
Friday, October 9, 2026
MM News
اردو
  • Home
  • Latest News
  • National
  • Crime
  • Opinions
  • The Other Side
MM News
  • Home
  • Latest News
  • National
  • Crime
  • Opinions
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • National
  • Crime
  • Opinions
  • The Other Side-Pakistan
Home World

US Senate folds to aid debt ceiling, government funding measure

MM News Staff by MM News Staff
September 28, 2021
Reading Time: 2 mins read
US faces two looming deadlines on government funding and the country’s debt ceiling that could destabilise the economy (Britannica)

US faces two looming deadlines on government funding and the country’s debt ceiling that could destabilise the economy (Britannica)

The US Senate has failed to advance a measure that aims to avert a partial government shutdown and suspend the federal debt ceiling, after Republicans refused to support the proposal in the sharply divided chamber of Congress.

Senate Democrats were unable to pass legislation on Monday that would confront two fast-approaching deadlines that, if left unaddressed, threaten to destabilise the United States economy as it struggles to emerge from the COVID-19 pandemic.

Republicans secured enough “no” votes to prevent the measure from advancing under Senate rules requiring 60 of the chamber’s 100 members to approve most legislation.

ADVERTISEMENT

Democrats, who narrowly control both chambers of Congress, now have just three days to find another way to keep the government operating beyond Thursday – when current funding expires.

Lawmakers will also have to figure out how to raise the debt ceiling to head off the risk of default, with independent analysts warning that the US Treasury Department is likely to fully exhaust its borrowing authority sometime between October 15 and November 4.

Al Jazeera’s Heidi Zhou-Castro, reporting from Capitol Hill, said the failed Senate vote means “the clock is ticking”. Zhou-Castro explained that lawmakers from both major US parties want to prevent a government shutdown and to shield the US from defaulting on its debt, but they disagree on how to achieve those goals.

“The bill that Democrats crafted, which has failed to advance in the Senate, sought to address both the debt ceiling and the government shutdown… The problem is Republicans have agreed to continue funding the government past this week, however, they have said they will not help in raising the debt ceiling,” she said.

Read more: US Deputy Secretary of State to visit India, Pakistan after Taliban takeover

“Democrats must scramble in an increasingly narrow window to come up with another solution.” Before the vote on Monday, Senate Majority Leader Chuck Schumer warned that a default would hammer the economy. “Republicans are intentionally making default more likely,” he said on the Senate floor.

A government shutdown – or worse, a default – would be a huge hit to President Joe Biden’s Democrats, who have positioned themselves as the party of responsible government after Republican Donald Trump’s chaotic presidency.

Senate Republican leader Mitch McConnell said he would try to force the chamber to vote for a funding extension, separate from the provision that would suspend the government’s $28.4-trillion debt limit through the end of 2022. That is not expected to succeed.

Tags: mm newsmm tvUS
ShareTweetSendShare
Previous Post

Pakistan reports another 41 deaths due to coronavirus

Next Post

PTI and Karachi’s development

Related Stories

File photo
Top News

US President Orders Firing Squad Execution for Former Major Nidal Hasan

October 8, 2026
File photo
Top News

$1 Billion Russian Loan for Iran Stalled Over Dispute Between Ministries

October 6, 2026
Photo, online
In Pictures

India Faces Fresh Political Storm Over Voter List Revision, CEC Under Pressure

October 6, 2026
Photo, screen grab
Top News

JD Vance’s Wife Briefly Loses Balance While Getting Off Helicopter, Video Goes Viral

October 6, 2026
Next Post

PTI and Karachi’s development

Latest

PSL 12 Schedule Confirmed: Mega Cricket Festival to Run from March 18 to May 2

13 hours ago

Pakistan Marks 21 Years Since the Devastating 2005 Earthquake

14 hours ago

Fearless Bollywood Star Nana Patekar Passes Away After Cardiac Arrest

16 hours ago

NEPRA Raises Electricity Rates by Rs 1.11 Per Unit Via Fuel Adjustment

16 hours ago

Govt Increases Petrol Price While Reducing Diesel Slightly

16 hours ago

Latest Exchange Rates for US Dollar and Other Currencies Released

17 hours ago

Mika Singh Questions Why Pakistani Muslims Are Viewed Differently from Muslims in Dubai

1 day ago

Karachi Power Outages: Check Your Area’s Shutdown Time for October 8

1 day ago

Latest

PSL 12 Schedule Confirmed: Mega Cricket Festival to Run from March 18 to May 2

13 hours ago

Pakistan Marks 21 Years Since the Devastating 2005 Earthquake

14 hours ago

Fearless Bollywood Star Nana Patekar Passes Away After Cardiac Arrest

16 hours ago

NEPRA Raises Electricity Rates by Rs 1.11 Per Unit Via Fuel Adjustment

16 hours ago

Govt Increases Petrol Price While Reducing Diesel Slightly

16 hours ago

Latest Exchange Rates for US Dollar and Other Currencies Released

17 hours ago

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • National
  • Crime
  • Opinions

© Copyright 2024 MMNews - All Rights Reserved.