The Senate late Thursday voted to approve a short-term increase to the federal debt ceiling by $480 billion through Dec. 3. The debt ceiling already stands at $28.4 trillion and the bill would lift the debt limit to $28.9 trillion. The bill heads to the House, where there is a clear Democratic majority, before moving to President Joe Biden’s desk. House lawmakers could consider the measure by as early as next week. The measure is likely to avert a government default that was forecasted by the Treasury Department to happen by around Oct. 18. The final Senate vote, which required a simple majority, was 50–48 along party lines. Sens. Richard Burr (R-N.C.) and Marsha Blackburn (R-Tenn.) didn’t vote. The bill was moved to a final vote after 11 Republicans joined Democrats in a vote to invoke cloture in a vote of 61–38, ending a filibuster that required 60 votes. The 11 …
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta