sexta-feira, 8 de outubro de 2021

BREAKING NEWS: Senate advances short-term debt limit hike

The Senate advanced a short-term debt ceiling fix on Thursday night, bringing Congress a huge step closer to staving off an economic debacle until December.

The temporary patch overcame a Senate GOP filibuster, 61-38, setting the stage for a low-drama final passage vote that's expected to fall on Democrats alone, with Vice President Kamala Harris as the tiebreaker. The chamber moved forward on the two-month debt limit patch only after hours of furious GOP whipping to ensure at least 10 Senate Republicans would allow the bill to advance, giving Democrats the ability to clear the measure with a majority threshold.

The debt ceiling deal, first struck by Senate leaders on Wednesday, increases the nation’s borrowing limit by $480 billion and ensures the Treasury Department can keep paying its bills until Dec. 3, when government funding is also set to expire. Speaker Nancy Pelosi on Thursday night indicated that the House will return early from recess to pass the agreement. 

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