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.

2026: No charge required

Republicans are famous for their ability to snatch defeat from the jaws of victory as those acquainted with history know all too well.

What if Somali Fraud is About More than Votes?

What if Somali public aid abuse is more than vote-buying? Could it be a money-laundering scheme with Democrats and mainstream media skimming profits?

Bioterror Roundup: ‘Vax Pac’

Democrat dark money machine ActBlue opened spigot, urging boosted liberals to “debunk disinformation” by donating to Democrats amid vaccine debates.

The CIA Is Manipulating Trump Against Putin

Russia’s military intelligence shared drone route data with a US attaché, saying it proves the target was Putin’s presidential residence in Novgorod.

Shirley’s Somali Fraud News Story Explodes!

Several days ago we reported on independent journalist Nick Shirley, a 23 year old man who created a viral video exposing the fraud in Minnesota.

Somali Americans Face Audits for Potential Immigration Fraud

Gaining citizenship via fraud is grounds for denaturalization, said a federal official amid investigations into scams in Minnesota.

FBI Thwarts ISIS-Inspired New Year’s Eve Terror Plot in North Carolina

The FBI said it foiled an ISIS-inspired New Year’s Eve terror attack in North Carolina. Suspect Christian Sturdivant, 18, was arrested and charged.

New Year’s Gas Prices 23 Cents Cheaper Than a Year Ago in US

American drivers began the new year with further relief at the gas pump, as national average gasoline prices continued to edge lower.

SBA Suspends 6,900 Minnesota Borrowers Over Potential COVID-19 Loan Fraud

The SBA has suspended 6,900 Minnesota borrowers amid suspected fraudulent activity in the state’s pandemic-era loan programs, SBA Administrator Kelly Loeffler said.

Trump Vows to Intervene if Iran Kills Protestors

President Donald Trump on Jan. 2 vowed to come to the aid of protesters in Iran if they are killed by the regime in Tehran.

Trump Says Minnesota Fraud Investigation Only the Start, Suggests Other States Next

President Trump said his administration is going to continue to target alleged social services fraud in Minnesota, but said that it’s worse in other states.

Homeland Security Looks to Fast-Track Demolition of Dilapidated Buildings in DC

DHS is seeking an emergency demolition of historic buildings in the nation’s capital. “This is about safety,“ DHS Asst. Sec. Tricia McLaughlin said.

Trump Hosts Netanyahu at Mar-a-Lago for Bilateral Discussions

President Trump welcomed Israeli PM Netanyahu to Mar-a-Lago in Palm Beach, Florida, on Dec. 29 to discuss Gaza, Iran, Syria, and other matters.
spot_img

Related Articles

Popular Categories

MAGA Business Central