House set to vote on debt ceiling bill, Dem congresswoman explains how she plans...
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House set to vote on debt ceiling bill, Dem congresswoman explains how she plans to vote
House set to vote on debt ceiling bill, Dem congresswoman explains how she plans to vote
The House is scheduled to vote on a deal to raise the debt ceiling on Wednesday night. Representative Jan Schakowsky (D-Il.) will be one of the members casting a vote. She tells Yahoo Finance Live about how her vote will depend on how the night goes.
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House set to vote on debt ceiling bill, Dem congresswoman explains how she plans to vote
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The House is scheduled to vote on a deal to raise the debt ceiling on Wednesday night. Representative Jan Schakowsky (D-Il.) will be one of the members casting a vote. She tells Yahoo Finance Live about how her vote will depend on how the night goes.
Video Transcript
The House will vote later this evening on the debt deal, which suspends the debt ceiling for two years. The Congressional Budget Office estimates the bill will cut federal spending by $1.5 trillion over a decade.
Now the legislation calls back some funding for the IRS and ends President Biden's student loan repayment freeze. The bill needs 218 yay votes to pass.
Joining us now is Illinois Congresswoman Schakowsky, Chief Deputy whip for the Democrats. Congresswoman Schakowsky, let's get right into where this stands. Is it going to get across the finish line? Are there enough votes?
JAN SCHAKOWSKY: Well, not without Democratic votes. We saw right now that the 29 Republicans didn't even vote for the rule. They were able to get most of the votes that they needed to bring it to a final vote.
But they can't do it without Democrats supporting it. There's a lot of their members that are just not buying this.
- Congresswoman, [INAUDIBLE] here. Do you support the deal?
JAN SCHAKOWSKY: So here's how I feel. I'm not going to vote to allow a default. So if it got that close, I would certainly vote in favor of making sure that we don't put the whole country into a tailspin.
On the other hand, I'm going to vote no because I think the fact that they brought us to the brink of total disaster of the American economy by holding everybody hostage, no, I'm going to vote-- I'm going to vote no because of that. I'm not happy about the rules having to do with the SNAP program, the food assistance program.
I'm not happy with the cuts to the IRS. I am not happy with the pipeline that they want to do. So I have a number of things that I'm not happy about that deserve I think a no vote.
But my first priority is to make sure that at the end of the day, these Republicans don't take us into total default, which would be a complete disaster.
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