House To Vote On Government Funding, Debt Limit

The transcript discusses the need for Congress to vote on funding the government and suspending the debt limit to prevent a shutdown and avoid default. Speaker Pelosi and Senate Majority Leader Schumer expect Republican support, similar to past bipartisan efforts. Treasury Secretary Janet Yellen warns of the consequences of default. However, Senate Minority Leader Mitch McConnell opposes raising the debt limit if Democrats pursue President Biden's $3.5 trillion spending package. Some GOP senators are open to suspending the debt limit, but Democrats need 10 Republican votes for it to pass.

What do Speaker Pelosi and Senate Majority Leader Schumer expect from Republicans regarding government funding?

• To oppose the funding

• To help pass the funding

• To remain neutral

• To propose an alternative funding plan

What consequence does the government face if it fails to secure more funding by the end of the month?

• An increase in taxes

• A government shutdown

• A reduction in public services

• An economic boom

According to Janet Yellen, what would be the impact of a US default?

• It would strengthen the economy

• It would have no significant impact

• It would permanently weaken the country

• It would lead to a temporary recession

What is Mitch McConnell's condition for voting to pay off past debts?

• If the debt limit is increased

• If Republicans gain more seats

• If Democrats abandon President Biden's spending package

• If Democrats reduce the spending package

How many Republican votes do Democrats need to pass the debt limit suspension?

• 5

• 20

• 10

• 15