Congress Moves To Avert Partial Government Shutdown

The transcript discusses the current political situation regarding government funding and the debt ceiling in the U.S. Senators have reached a deal to fund the government until early December, but it does not include an agreement to raise the debt ceiling. GOP lawmakers insist that Democrats should address the debt ceiling alone. The discussion also covers President Biden's $3.5 trillion plan to expand the social safety net, which Democrats claim will be funded by tax hikes on corporations and the wealthy. Treasury Secretary Janet Yellen warns of a potential financial crisis if the debt limit is not raised by October 18th. Historically, both parties have worked together to suspend the debt ceiling, but Republicans argue that Democrats are pursuing the Build Back Better agenda alone and should do the same for the debt ceiling.

What is the deadline for lawmakers to take action to fund the government?

• Before midnight

• By noon today

• Before the next election

• By the end of the week

Why do GOP lawmakers believe Democrats should handle the debt ceiling issue alone?

• Due to Democrats' spending habits

• Because Democrats have a majority in the Senate

• Due to a lack of bipartisan support

• Because Republicans are focusing on other issues

What is the proposed solution by Democrats to fund their spending plan?

• Cutting military expenses

• Increasing taxes on corporations and the wealthy

• Borrowing more money

• Reducing social programs

What potential crisis did Treasury Secretary Janet Yellen warn about if the debt limit isn't raised?

• A government shutdown

• A financial crisis and recession

• An increase in unemployment

• A rise in inflation

How have lawmakers historically dealt with the debt ceiling issue?

• By ignoring it

• By working together to suspend it

• By cutting government spending

• By increasing taxes