in the coming days and weeks, we as a Congress face a series of real and important deadlines. First, we must address the debt ceiling. Last week, Treasury Secretary Jack Lew let the American people know that in 2 weeks--November 3--the United States faces the threat of being unable to pay its bills. Unless we act, the Federal Government will default on its accrued debt--default on its accrued debt. A huge percentage of this debt is the result of unpaid tax cuts for the wealthy and two unpaid wars during the last Bush Presidential administration. If we allow the United States to default on this debt, the consequences to world markets would be catastrophic, but that is not all. It is not all this leadership has ignored. Congress must reauthorize the Export-Import Bank, which has basically gone out of business, causing the loss of hundreds of thousands of jobs in the United States and hurting our economy in more ways than one. It is also important that we pass a long-term surface transportation bill and again avert another potential Republican shutdown of our government by December 11. Yet as the Senate reconvenes today, we are considering none of those vitally important matters. Instead--just as he did as the shutdown loomed last month--the Republican leader is spending the Senate's time on a partisan, ideological bill to placate the radicals within his own party.…
On the recordOctober 19, 2015
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