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

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 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

Read Full Article on TheEpochTimes.com

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.

Columns

Why States Are Pausing Cage-Free Mandates During Bird Flu Crisis

As U.S. continues a protracted battle with bird flu, some states are temporarily rolling back laws governing how egg-laying hens are housed.

Shifting Gears 2025

That grinding you hear is the sound of the Democrat party hopelessly stuck in first gear while Trump and Republicans zoom ahead of them in overdrive.

More Proof, the Democratic Party is Imploding!

Jason Pizzo, the leading Democrat in the Florida Senate announced his departure from the Democratic Party saying he sees the party as dead in Florida.

American Psychiatric Association vs. MAHA: Shots Fired

When Trump formed the MAHA Commission, the parameters were so reasonable that it was hard to imagine how the biomedical establishment could object.

Evaluating Foreign Affairsโ€™ Warning About The Risks Of An Emboldened & Remilitarized Germany

Foreign Affairs warned earlier this month that an emboldened...

News

US Attorney General Releases Details on New Mexico Judgeโ€™s Arrest

AG Pam Bondi provided details about former NM judgeโ€™s arrest for allegedly allowing an illegal immigrant and suspected TdA gang member to live at his residence.

Thousands of Illegal Immigrants Have Registered on CBP Home App to Self-Deport, CBP Says

DHS said thousands of illegal immigrants registered on CBP Home app to self-deport, and those who have not yet done so will face consequences.

5 Things We Know About Wisconsin Judgeโ€™s Arrest for Allegedly Obstructing ICE

Court papers detail Judge Hannah Dugan was arrested for allowing an illegal immigrant to escape through a jury door before arrest by federal officials.

ICE Backtracks on Revoking More Than 1,200 Student Visas

ICE reversed decision to automatically revoke student visas, after State Dept said it would use AI to review foreign studentsโ€™ records for criminal activity or arrests.

Court Ruling Limits Ozempic Copies in Favor of FDA, Novo Nordisk

Federal court ruled against trade group representing compounding pharmacies, siding with FDA and Novo Nordisk in dispute over copies of Ozempic and Wegovy.

Judge Blocks Removal of Potential Deportees From Texas District

Federal judge temporarily restrained Trump admin from removing individuals from Southern District of Texas in attempt to deport Venezuelan gang members under the Alien Enemies Act.

Former Rep. George Santos Sentenced to More Than 7 Years in Prison

Former Rep. George Santos (R-N.Y.) was sentenced on April 25 to more than 7 years in federal prison on wire fraud and aggravated identity theft charges.

FBI Arrests Wisconsin Judge Hannah Dugan Over Obstructing, Kash Patel Says

FBI arrested a Milwaukee County, Wisconsin, circuit judge for allegedly assisting an illegal immigrant in evading arrest, FBI Director Kash Patel said.
spot_img

Related Articles