Senate Votes to Temporarily Raise Debt Ceiling, House to Vote Tuesday

5Mind. The Meme Platform
The Epoch Times Header

11 Republicans join Democrats to break filibuster

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 will convene on Tuesday to vote on the measure, interrupting a scheduled recess that was set for the lower chamber until Oct. 19, its majority leader, Steny Hoyer (D-Md.), said in a statement.

“The Speaker and I have both spoken with Treasury Secretary Yellen, who said that if the House fails to act next week, the country will be unable to pay its bills. This cannot happen,” he said, adding that “immediate action” is needed to address the debt limit.

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 were Senate Minority Leader Mitch McConnell (R-Ky.), Minority Whip John Thune (R-S.D.), John Cornyn (R-Texas), Lisa Murkowski (R-Alaska), Shelley Moore Capito (R-W.Va.), Richard Shelby (R-Ala.), Rob Portman (R-Ohio), Susan Collins (R-Maine), John Barrasso (R-Wyo.), Mike Rounds (R-S.D.), and Roy Blunt (R-Mo.).

Treasury Secretary Janet Yellen had warned that any default on U.S. debt would bring the economy into crisis and trigger a recession.

McConnell had proposed a deal with Democrats on Oct. 6 that would temporarily raise the debt ceiling before a government default, after twice blocking Democrats’ attempts to raise the cap. The offer came after Biden raised the possibility of bypassing the Senate’s filibuster rule requiring 60 of the 100 members to agree on most legislation.

By Mimi Nguyen Ly

Read Full Article on TheEpochTimes.com

Contact Your Elected Officials
The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

 ‘Quality Learing’ Knucklehead

Politicians have an uncanny knack for stating the obvious, lying with sincerity and relentlessly taking credit for things in which they played no role.

The USPS is Going Broke!   

The USPS Postmaster General warned that without lifting its $15B borrowing cap, the agency could struggle to pay workers and vendors by 2027.

Comey and Morens Indicted? Color Me Skeptical

The Justice Department has announced respective prosecutions of former FBI Director and Russiagate architect James Comey and Fauci capo Peter Morens.

Questions Remain After the WHCD Assassination Attempt   

Americans have a hunger to know and understand what happened during the White House Correspondents Dinner (WHCD) assassination attempt.

Direct Election of U.S. Senators: Reform or Mistake?

The direct election of U.S. Senators diminished federalism, stripped states of checking federal power and greatly expanded federal power.

US Economy Rebounds With 2 Percent Growth in 1st Quarter

The U.S. economy registered a solid rebound in the first quarter after a disappointing end to 2025, new government data shows.

FDA Says Most Infant Formula Has Low or Undetectable Levels of Contaminants

Most infant formula tested by the Food and Drug Administration had low or undetectable levels of contaminants such as lead, the agency said.

Acting AG Blanche Denies Trump Directed James Comey Prosecution

Acting AG Todd Blanche said President Trump did not order the DOJ to file more charges against former FBI Dir. James Comey over Comey's social media post.

Federal Judge Dismisses DOJ Lawsuit Requesting Arizona Voter Data

A federal judge dismissed a lawsuit filed by the DOJ against Arizona Secretary of State Adrian Fontes that sought access to state voter registration data.

King Charles, Queen Camilla Greeted by President Trump, First Lady

President Donald Trump and First Lady Melania Trump welcomed King Charles III and Queen Camilla of the UK at the South Porticos of the White House on April 27.

Treasury Sanctions Iran-Linked Chinese Oil Refinery, 40 Vessels

The Treasury Department sanctioned a Chinese refinery and 40 shipping firms and vessels found to be providing a lifeline to the Iranian oil economy.

Trump Admin Begins Process to Downgrade Marijuana Classification

The Trump administration announced plans to reclassify approved marijuana products as a less dangerous drug under federal law.

Gas Prices Will Return to Low Levels After Iran Conflict Ends, Bessent Says

Treasury Sec. Scott Bessent said relatively high gas prices will not last long but any change is contingent on when the US and Iran cease hostilities.
spot_img

Related Articles

Popular Categories

MAGA Business Central