Day 244: "Irreparable harm." - a podcast by Matt Kiser

from 2021-09-20T15:22

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1/ House Democrats plan to combine a short-term government spending bill with the suspension of the debt limit in an effort to avert a government shutdown. The stopgap funding bill would last through Dec. 3, 2021, and the debt ceiling would be suspended through Dec. 2022. Mitch McConnell, however, reiterated that Republicans “will not support legislation that raises the debt limit.” The Republican threat is in protest of the Democrats decision to pursue trillions in new spending to overhaul federal healthcare, education, climate, immigration, and tax laws. McConnell called it “an effort to exploit this terrible yet temporary pandemic as a trojan horse for permanent socialism.” Nancy Pelosi and Chuck Schumer, meanwhile, warned that “a reckless Republican-forced default could plunge the country into a recession.” Congress has until the end of September to ratify a new spending agreement or risk a shutdown. Treasury Secretary Janet Yellen previously warned that, under current conditions, the department will reach its borrowing limit some time in October, which would cause “irreparable harm” to the U.S. economy. The House is expected to vote on the package this week. (Wall Street Journal / The Hill / Politico / Washington Post / Bloomberg / CNN)


2/ The Senate’s parliamentarian blocked the Democrats’ plan to use the $3.5 trillion social and climate package to provide a path to citizenship for an estimated 8 million immigrants. Elizabeth MacDonough, the Senate parliamentarian, ruled that the proposal is “by any standard a broad, new immigration policy” and that “changing the law to clear the way to (Legal Permanent Resident) status is tremendous and enduring policy change that dwarfs its budgetary impact.” In a three-page memo to senators, MacDonough noted that under Senate rules, provisions are not allowed in such bills if their budget effect is “merely incidental” to their overall policy impact. (Associated Press / New York Times / Politico / CNN)


3/ More than 675,000 people in the U.S. have died of Covid-19, surpassing the country’s 1918 influenza pandemic death toll. The U.S. accounts for about 14% of total Covid-19 deaths globally despite the widespread availability of vaccines. Roughly 25.3% of eligible Americans (those 12 years and older) remain unvaccinated – or about 72 million people. (CNN / Bloomberg)


4/ The U.S. will lift travel res...

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