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

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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 Bidenโ€™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.

โ€œThe 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,โ€ he said, adding that โ€œimmediate actionโ€ 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 50โ€“48 along party lines. Sens. Richard Burr (R-N.C.) and Marsha Blackburn (R-Tenn.) didnโ€™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 61โ€“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 Democratsโ€™ attempts to raise the cap. The offer came after Biden raised the possibility of bypassing the Senateโ€™s filibuster rule requiring 60 of the 100 members to agree on most legislation.

By Mimi Nguyen Ly

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