“Senate Republicans on Monday blocked a spending bill needed to avert a government shutdown this week and a federal debt default next month, moving the nation closer to the brink of fiscal crisis as they refused to allow Democrats to lift the limit on federal borrowing,” the New York Times reports.
“With a Thursday deadline looming to fund the government — and the country moving closer to a catastrophic debt-limit breach — the stalemate in the Senate reflected a bid by Republicans to undercut President Biden and top Democrats at a critical moment, as they labor to keep the government running and enact an ambitious domestic agenda.”
Washington Post: “The GOP’s opposition dealt a death blow to the measure, which had passed the House last week, and now adds to the pressure on Democrats to devise their own path forward ahead of a series of urgent fiscal deadlines. A failure to address the issues could cause severe financial calamity, the White House has warned, potentially plunging the United States into another recession.”
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