Sen. Majority Leader Chuck Schumer (D-NY) on Tuesday came out in support of the debt ceiling agreement between President Joe Biden and House Speaker Kevin McCarthy (R-CA).
As the House Rules Committee likely will move a debt ceiling bill forward Tuesday afternoon for a full House vote Wednesday evening, the proposed agreement, which includes the negotiated budget components, earned the support of Schumer.
“I support the bipartisan agreement that President Biden has produced with Speaker McCarthy,” he told reporters. “Avoiding default is an absolute imperative.”
Schumer said he plans to move the bill quickly through the Senate upon House passage.
“Senators must be prepared to act with urgency” to pass the bill “before the June 5 deadline,” because it “protects key investments that are essential for growing our economy.”
“I’ll make sure the Senate moves quickly,” he said, calling the legislation a “responsible, prudent, and very necessary way forward.”