Schumer Wins Trump’s Backing For Dumping Debt Ceiling
Senator Chuck Schumer Image by Getty Images
Senate Democratic Leader Chuck Schumer and President Trump have agreed to work toward a permanent repeal of the debt ceiling, the Washington Post reported on Thursday, one day after the Republican president struck another deal with Democrats.
Citing three people familiar with the decision, the Post said Trump and Schumer, along with House of Representatives Democratic Leader Nancy Pelosi, would work on the plan over the next few months to remove the requirement for Congress to repeatedly raise the debt ceiling, or the limit on federal borrowing.
Any measure would still have to pass both the House and the Senate, both currently controlled by Republicans. House Speaker Paul Ryan said on Thursday he opposes any effort to do away with the role of Congress in approving increases to the federal debt limit.
Why I became the Forward’s Editor-in-Chief
You are surely a friend of the Forward if you’re reading this. And so it’s with excitement and awe — of all that the Forward is, was, and will be — that I introduce myself to you as the Forward’s newest editor-in-chief.
And what a time to step into the leadership of this storied Jewish institution! For 129 years, the Forward has shaped and told the American Jewish story. I’m stepping in at an intense time for Jews the world over. We urgently need the Forward’s courageous, unflinching journalism — not only as a source of reliable information, but to provide inspiration, healing and hope.
Support our mission to tell the Jewish story fully and fairly.
