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As it is just 12 days left before the government’s deadline to avert default, the Senate Republicans are expected to block the program of Democrats on Wednesday which was set in order to extend the U.S debt ceiling. The motion needs 60 votes and a failed vote could make a panic in the money markets and force Democrats to consider other options for their motion . One of the options that Senate Democrats are considering is to change the rules to allow a small majority of Senate to pass a debt ceiling extension. President Joe Biden spoke yesterday in the press conference that ” I don’t think we should get there and have to do this, because I think Republicans and Minority Leader [Mitch] McConnell, in particular, should step aside and let us go ahead and with 50 Democratic votes suspend the debt ceiling,”. GOP leaders have said that Democrats should use the complicated budget to bypass the GOP but Biden and the party have rejected the approach by marking it as time-consuming.
