Congress Moves To Avert Partial Government Shutdown

The transcript discusses the current political situation regarding government funding and the debt ceiling in the U.S. Senators have reached a deal to fund the government until early December, but it does not include an agreement to raise the debt ceiling. GOP lawmakers insist that Democrats should address the debt ceiling alone. The discussion also covers President Biden's $3.5 trillion plan to expand the social safety net, which Democrats claim will be funded by tax hikes on corporations and the wealthy. Treasury Secretary Janet Yellen warns of a potential financial crisis if the debt limit is not raised by October 18th. Historically, both parties have worked together to suspend the debt ceiling, but Republicans argue that Democrats are pursuing the Build Back Better agenda alone and should do the same for the debt ceiling.

What action do lawmakers need to take before midnight?

What do GOP lawmakers believe Democrats need to do regarding the debt ceiling?

What is Senator Toomey discussing in relation to President Biden's plan?

What did Treasury Secretary Janet Yellen warn about if the debt limit isn't raised?

How have lawmakers historically dealt with the debt ceiling?