Political and Legislative
Senate Will Approve a Short-Term Debt Ceiling Increase
The Senate on Thursday approved a deal to increase the debt ceiling and keep the country solvent into December, moving to stave off a default expected to occur in a matter of days.
Senators voted 50-48 along party lines on the short-term increase in the nation’s borrowing limit. GOP Sens. Richard Burr (N.C.) and Marsha Blackburn(Tenn.) didn’t vote. House Majority Leader Steny Hoyer (D-Md.) announced House lawmakers will return on Tuesday to vote on the bill, before sending it to President Biden’s desk.
Though the final vote, which required a simple majority, was along party lines, 11 Republican senators voted with Democrats to get the bill over a procedural hurdle that required 60 votes.
