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.

Irresolute Resolutions

"We need a government that lives within its means, focused on debt reduction, with strict limits on spending and baseline budgeting."

Health Policy Reform Needs a Joint Congressional Committee

Health policy spans 25 committees, creating patchwork laws; Congress needs a unified Joint House-Senate Committee to manage reforms effectively.

America Is Facing The Most Critical Midterms Ever

"If Republicans lose the midterms, Trump's final two years will see gridlock, failed legislation, and a likely another impeachment."

Penny for your thoughts

The curtain fell quietly on a 232-year tradition as the U.S. Mint struck the last penny in Philadelphia. This ended one of the longest runs in American history.

The Rise of the Narcissist

Narcissism once applied to a handful of unusually self-absorbed individuals, but now seems to apply to an entire generation. How did we got here?

Carville Urges Democrats to Run on ‘Pure Economic Rage’ in 2026

Democratic strategist James Carville urges the party to focus on “economic rage” for 2026, saying rising costs, not the shutdown, will sway voters.

Federal Judge Dismisses James Comey, Letitia James Indictments

Indictments of James Comey and Letitia James were dismissed after a judge ruled the prosecutor who filed them was not validly appointed.

Treasury Secretary Calls for End to Filibuster, Warns of New Shutdown in January

Treasury Secretary Scott Bessent urged the Senate to end the filibuster, warning another shutdown could be triggered by similar delay tactics in January.

EU Leaders Meet to Discuss Ukraine Peace Plan

European Union leaders are meeting on Nov. 24 for discussions on Ukraine amid the United States’ proposal for peace in the country, which emerged last week.

Bessent Says Americans to See ‘Substantial Refunds’ Next Year, No Risk of Recession

Treasury Secretary Scott Bessent said the recent shutdown won’t trigger a recession and that Americans can expect substantial tax refunds next year.

5 Takeaways From Trump’s Meeting With Mamdani

President Donald Trump welcomed newly elected New York City Mayor Zohran Mamdani to the White House on Nov. 21 to discuss plans for the city.

Trump, Mamdani Highlight Common Ground in White House Meeting

Trump and NYC Mayor-elect Mamdani had a “productive meeting” at the White House, finding common ground on housing and affordability issues.

Americans Can Expect $1,000 Bump in 2026 Tax Refunds: White House

According to a new study from Piper Sandler, which is out this week, tax filers can expect an extra $1,000 bump to their tax refund next year.
spot_img

Related Articles

Popular Categories

MAGA Business Central