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Schumer: Republicans Manufacturing A Crisis Over Debt Limit

Senators Meet For Policy Luncheons On Capitol Hill

Photo: Getty Images

Senate Majority Leader Chuck Schumer is accusing Republicans of manufacturing a crisis that threatens to put the economy back into a recession. 

He was referring to the looming crisis over the debt limit and said Republicans should "just get out of the damned way." 

He warned Republicans that they risk becoming the "party of default." 

Treasury Secretary Janet Yellen has warned that defaulting on debt obligations by October 18th could be catastrophic for the economy. 

Republicans argue they support extending the debt ceiling, but will not vote for it. They're not willing to agree to lifting the standard Senate filibuster rule, requiring 60 votes to move bills forward and approve them. 


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