TOP NEWS | Senate to Vote on Debt Ceiling, Hunter Biden In Middle of Gun Debate, Twist In Trump Classified Document Investigation | June 1
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The Daily Signal
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🗓️ 1 June 2023
⏱️ 11 minutes
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| 0:00.0 | I'm Virginia Allen. I'm Samantha Sharis. And this is the day we see the top news for |
| 0:06.1 | Thursday, June 1st. Here are today's headlines. |
| 0:20.0 | Last night, after months of discussion, debate and compromise, the House passed a bill to raise |
| 0:26.3 | the debt ceiling and reduce federal spending. The bill would suspend the current debt limit |
| 0:40.2 | of 31.4 trillion until January 1st of 2025. That's about two months after the presidential election |
| 0:48.2 | on November 5th, 2024, meaning the current Congress won't have to deal with a debt limit fight |
| 0:54.3 | again. The bill does not include as many cuts to federal spending as Republicans wanted, |
| 1:01.2 | but it does rescind roughly 30 billion of unspent COVID-19 relief funds. It also completely |
| 1:08.6 | funds veterans medical care as promised in the president's budget for fiscal year 2024 and puts |
| 1:15.2 | an end to the pause in student loan repayments. Barters will have to start paying on their student |
| 1:20.8 | loans again in August. The bill passed with support from Democrats and Republicans, |
| 1:26.4 | but more Democrats ultimately backed it. There are currently 222 Republicans in the House 71 of those |
| 1:34.4 | Republicans voted against the bill. There are 212 Democrats in the House and just 46 voted against |
| 1:43.3 | the bill. Four members did not vote. Now the bill is headed to the Senate. The bill is expected |
| 1:49.3 | to face some opposition from both Republicans and Democrats, but Senate Majority Leader Chuck Schumer |
| 1:56.8 | says there is no margin for error. Treasury Secretary Janet Yellen says Congress has until Monday |
| 2:03.5 | to pass the spending bill or risk default on the debt. Senate Minority Leader Mitch McConnell |
| 2:10.0 | says he will support the bill without delay. But if Senate leadership allow senators to introduce |
| 2:16.5 | amendments to the bill and those amendments pass, then the bill would have to head back to the House |
| 2:22.5 | for a vote. The Senate may hold a vote on the bill as soon as tonight. Stay tuned. |
| 2:28.3 | Today is June 1st, the first day of what has been dubbed gay pride month, but a professor at |
| 2:34.8 | Princeton is working to rebrand the month. Princeton professor Robert P. George has declared June |
... |
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