Right, guys, when it comes to what’s going on in politics today, we’re going to hear from Chuck Schumer in regards to the progress with the build-back Better plan, as well as the debt ceiling and also funding the defense fund. We’re also going to read what McConnell has to say about this. These are the Senate leaders and when it comes to the next stimulus check. Well, there are checks that are going out this month. They are the final ones. We’re going to talk about what those checks are, who’s going to be receiving them here on our website.
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Let’s get started when it comes to Chuck Schumer. He made an announcement in the Senate yesterday regarding what his expectations are for the rest of the year. As I mentioned before, they have the debt ceiling that they need to focus on, because we already know that Janet Yellen has already said, and she’s the president’s Secretary of treasury, who’s already stated that they have until the 15th round, the 15th to get this done or the federal government will go into default, and we have never gone into default in the history of this country.
So this needs to be done. However, at the same time, you have the defense fund that needs to be taken care of to make sure that the military continues to receive the money that they need. There are other programs out that they need to focus on, like the Build Back Better Plan. So at the same time, he’s given his agenda what he’s actually expecting them to do over the month of December.
Now, on a different matter. As we begin the first full week in December, there is much that the Senate must attend to before we reach the end of the year. First, Senate Democrats remain committed in taking up and passing President Biden’s Build Back Better Act before Christmas. As I outlined in a letter to my caucus this morning, Senate Democrats have been working furiously to clear the necessary steps to achieve this goal. As we all know, the reconciliation process is not an easy one. The reason why this timeline is so important is because this legislation is about lowering costs, lowering costs for American families.
As we enter the winter months, American families deserve a little extra help affording things like childcare and PreK. They need help lowering costs of things like prescription drugs and making healthcare more affordable. And families need to know that critical programs like the Child Tax Credit will continue uninterrupted. This program has already done immense good for millions upon millions of families build back better will make sure these benefits stay in place. For these reasons, we’re going to continue the process until billbackbetter is signed into law. This is arduous work.
It takes time, precision and a lot of pieces moving together. It has taken months of communication, negotiation, countless late nights, and weekend workdays to bring us to this point. I want to thank my colleagues, their staff, and the Parliamentarian for dedicating the full measure of their attention and talent toward this endeavor. We are close and we will keep going until the job is done.
Now, even though he’s given his agenda and what he wants to have done, we all have to remember one thing. There’s a time frame that we have to remember on the 13th of this month with just so happens to be our wedding anniversary as well, is the final day that the Senate is scheduled to meet. After that, they aren’t scheduled to meet again until the beginning of the year. So how is it that they’re going to be able to pass all these bills and make sure that the country does not go into default?
Well, they’re going to have to do some quick negotiations, and the way that things are looking based off of what Mitch McConnell had to say just a few hours ago looks like things are looking good, at least for the death ceiling.
Well, good afternoon, everyone. As you already know, and I’m sure I’ve been talking about the House is going to send over today a bill that prevents Medicare cuts that would otherwise go into effect and a procedure that Sandra Schumer and I have been working on that will allow a truncated consideration of what could be a Section 301 reconciliation proposal one time only with an amount and allow the debt ceiling to be dealt with on a simple majority basis at a subsequent time. I think this is in the best interest of the country by avoiding default.
I think it is also in the best interest of Republicans who feel very strongly that the previous death ceilings that we agreed to when President Trump was here carried us through August. And this current debt ceiling is indeed about the future and not about the past. Obviously, we don’t agree with the way the majority has operated this year. We thought the American rescue package should not have been passed, creating the kind of raging inflation that Larry Summers correctly predicted. And we certainly think the reckless tax and spending spree is a huge step in the wrong direction for the country.
So I believe we’ve reached here a solution to the death ceiling issue that’s consistent with Republican views of raising the death ceiling for this amount at this particular time and allows the Democrats to proudly own it, which they’re happy to do in October on the death ceiling.
And you want to help and you got criticism from your side that there was some assistance, even though the Republicans did not know. Yes, he then exploriated the majority leader saying you wouldn’t help in the letter to the President. Some are now saying you’ve gone back again. What do you say when you drew those two red lines and now saying, oh, we’re going to help indirectly raise the debt ceiling?
Well, the red line is intact. The red line is that you have a simple majority party-line vote on the death till that’s exactly where we will end up.
But some of those Republicans are up. You thought you had leverage this time, said you had leverage back in October and were disappointed in this kind of parliamentary arpeggio.
There are a lot of different voices, but the facts are not in dispute. This will lead to a simple majority up or down vote on raising the death ceiling.
Might even have a 60 vote requirement to have the death ceiling. If you’re willing to go through this level of legislative gymnastics.
Let me go over it again. The death ceiling agreed to in the previous administration, in conjunction with a speaker in a negotiated bipartisan way, covered the death sailing through August of this year. This death-sailing request has to do with the future, not the past. It’s pretty clear that Senate and House Republicans do not like this massive amount of spending, whether it was the American Rescue plan of almost $2 trillion or the reckless tax spending is free now. So we want to make it clear that we do not support this level of spending nor the level of debt required to support this amount of new spending.
How does this go over in your conference? And do you feel like you have ten Republican votes to pass this change?
There are always differences of opinion among Republicans about how to handle a delicate issue like the jet ceiling. We’ll be voting on a Thursday, and I’m confident that this particular procedure, coupled with the avoidance of Medicare cuts, will achieve enough Republican support to clear the 60 vote threshold. And then later, when the majority leader decides to have the procedure, it can all occur in one day, and the actual death sailing vote will be done at a 51 vote threshold.