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.

Read the source article at The Hill

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