Commentary
Treasury Secretary Janet Yellen’s announcement that the United States government could run out of money by early June starts the next phase of the debt ceiling dance.
The score at this point is House Republicans 316 to President Joe Biden and Senator Chuck Schumer zero.
The 316 is the number of pages in the Limit, Save, and Grow Act which House Republicans passed by 217-215 on April 26. That act cuts $4.8 trillion in spending and raises the debt ceiling so there will be no risk of default.
The zero is the number of pages in bills proposed by President Biden and Senate Democrat leader Schumer. Since there is no Democrat bill to stop the United States from going into default, there has not been a vote in the Senate on a Schumer-Biden proposal….