Senate Approves Bill to Raise Debt Ceiling and Avert Default, for Now

Sen. Chuck Schumer of New York speaks on Thursday following a cloture vote on a measure to raise the debt ceiling Screengrab / C-Span

WASHINGTON, DC (TIP): The Senate passed legislation on Thursday, October 7, to raise the debt ceiling through early December, after a small cluster of Republicans temporarily put aside their objections and allowed action to stave off the threat of a first-ever federal default.

The action came the day after Senator Mitch McConnell of Kentucky, the Republican leader, partly backed down from his blockade on raising the debt limit, offering a temporary reprieve as political pressure mounted to avoid being blamed for a fiscal calamity.

But the fragile deal to move ahead was in doubt until the very end, with some Republicans reluctant to drop their objections. Mr. McConnell and his top deputies labored into the evening on Thursday to persuade enough members to clear the way for a vote. Ultimately, 11 Republicans joined every Democrat in voting to take up the bill, clearing the 60-vote threshold needed to break the G.O.P. filibuster. The final vote was 50 to 48, with Democrats unanimously in support and Republicans united in opposition. It goes next to the House, where Democratic leaders were prepared to call lawmakers back for a vote.

 

 

 

 

 

 

 

 

 

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