U.S. Debt-Ceiling Hike on Path for Final Passage

The transcript discusses the strategic measures taken to prevent Republican filibustering, focusing on a temporary law change to address the debt ceiling. This move aims to clear the path for Congress to focus on President Biden's agenda, including the Build Back Better economic bill. The bill, which includes a child tax credit, faces a deadline pressure to be passed by December 28th to avoid stopping payments in January.

What strategy was employed to prevent a Republican filibuster regarding the debt ceiling?

• A permanent change in the law

• A temporary change in the law

• A complete removal of the filibuster

• A bipartisan agreement with equal votes

What was the main focus of Congress after clearing the debt ceiling issue?

• Addressing climate change

• Revising the tax code

• Improving healthcare policies

• Focusing on President Biden's agenda

What is the deadline set by Chuck Schumer for passing the Build Back Better bill?

• By Christmas

• By the end of January

• By Thanksgiving

• By New Year's Eve

What is one of the major programs included in the Build Back Better bill?

• Universal healthcare

• Child tax credit

• Free college education

• Infrastructure development

What consequence might occur if Congress does not act by the IRS deadline?

• Increase in taxes

• Government shutdown

• Halt in child tax credit payments

• Reduction in social security benefits