Senate Majority Leader Charles E. Schumer accused House Republicans of taking the nation hostage Tuesday, on the eve of passing legislation to avoid default on the national debt by raising the ceiling.
House Speaker Kevin McCarthy will hold a vote on his proposal Wednesday, which raises the cap on the national debt by $1.5 trillion for one year in exchange for a host of spending cuts adding up to $4.5 trillion.
“Either the U.S. defaults on national debt for the first time in American history, or MAGA Republicans get their way and America defaults on everything else — on our future and our security, on our promise to care for veterans and law enforcement and the American middle class.”
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