Chuck Schumer and Mitch McConnell agree on power-sharing deal after almost two weeks of deadlock
Follow us on Google news for more updates and News
Senate Majority Leader Chuck Schumer and Minority Leader Mitch McConnell have struck a power-sharing deal, which gives Democrats control of committee chairmanships. The Democrats will control the agenda in the Senate.
Senate is expected to vote on the final deal this Wednesday officially transferring the leadership to Senate committees from Republicans to Democrats. The Senate is split evenly at 50-50, but Democrats hold the tie-breaking advantage with Vice President Kamala Harris able to cast the 51st vote.
“The leadership of both parties have finalized the organizing resolution for the Senate,” Schumer, D-N.Y., said. “We will pass the resolution through the Senate today.”
New Democratic committee chairs announced by Schumer will include Sen. Bernie Sanders, I-Vt., as chair of the Budget Committee; Sen. Joe Manchin, D-W.Va., as Chair of the Energy and Natural Resources Committee; Sen. Gary Peters, D-Mich., as leader of the Homeland Security and Governmental Affairs Committee, and Sen. Dick Durbin, D-Ill, as the head of the Judiciary Committee.
PLEASE READ THE IMPORTANT DISCLOSURES BELOW.
This content is being provided to you for informational purposes only. The content has been prepared by third parties not affiliated with CWEB Inc, a business. This content and any information contained therein, does not constitute a recommendation by CWEB to buy, sell or hold any security, financial product or instrument referenced in the content. This information neither is, nor should be construed as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. CWEB Inc. does not offer or provide any opinion regarding the nature, potential, value, suitability or profitability of any particular investment or investment strategy, and you shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Unless stated otherwise, the web content provided by the CWEB family of companies is for educational purposes only. The information and tools provided neither are, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities by CWEB Inc. or its affiliates. Unless stated otherwise, no information presented constitutes a recommendation by CWEB Inc. or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy.