The bill to raise the nation’s debt ceiling while enacting big spending cuts easily passed the U.S. Senate moments ago by a 74-26 vote.
New York’s senators, however, were split.
Sen. Charles Schumer, a Democrat, voted in favor of the bill, citing the need to avert an economic crisis and avoid default.
Schumer said “there were some things we liked and some things we didn’t like” in the bill, but the debt ceiling had to be raised for the good of the country.
“Now Washington, the nation, the world can breath a sigh of relief … but we have a lot more work to do,” Schumer said in a press conference after the vote.
Sen. Kirsten Gillibrand, who has been criticized by some voting closely with Schumer in the past, voted against the bill. In a statement, Gillibrand said the deal is not “a fair, well thought out, or balanced deal for our fragile economy or the millions of middle class families struggling to make ends meet.”
From her statement:
“The fact is, there is nothing in this deal that will address the significant jobs crisis we are facing. This deal, cut behind closed doors with zero transparency, is an unbalanced approach that cuts deeply into discretionary spending while being overwhelmingly stacked in favor of large corporations who exploit loopholes and the wealthiest among us. It is simply not in the best interests of the middle class and the larger economic recovery.”