Senate Democrats are launching a counteroffensive against the House Republican-passed debt ceiling bill, which ties a debt limit increase to spending cuts and a rollback of President Joe Biden's agenda. The Budget Committee will hold a hearing on Thursday to discuss the bill, and Democrats are hoping to use the hearings to expose the true impact of the legislation on everyday Americans. The Treasury Department has set a deadline of June 5th for Congress to act, but Democrats are determined to fight the bill and prevent it from becoming law.