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.
00:02:04

Forged on the frontier

George Washington is widely known as a general and president, but his early life remains obscured by myth, legend, and misunderstanding.
00:02:52

A bobblehead too far

The Orioles did not just hand out a bobblehead. They sent a message that the legacy of their own players is not enough to draw.

Congress fumbles college sports

College sports landscape is a dumpster fire and every sports reporter, broadcaster and fan believes Congress needs to stay out of it.

The Hating Game

The Democrat Party game show should be titled "The Hating Game", played by pitting one class, race, or identity against another for political power.
00:09:50

The Invasion Of The Ballot Snatchers

As election results loom, California faces ballot controversies in a real-life political drama that raises concerns about election integrity.

Ro Khanna Becomes First in Congress to Sign Pledge Rejecting AIPAC Money

Rep. Ro Khanna (D-Calif.) become the first member of Congress to sign a pledge to refuse campaign money from AIPAC and other pro-Israel groups.
00:04:58

What to Know About the Alleged Plot to Attack the White House UFC Event

Five men have been charged in an alleged plot to carry out a mass-casualty attack at a UFC event on White House grounds.
00:24:56

Violent Antifa Activists ‘Infiltrated’ Peaceful Protesters in Minnesota: US Attorney

An Antifa group “infiltrated and exploited lawful protests” while they disrupted federal immigration enforcement officers earlier this year, alleged Minnesota U.S. Attorney Daniel Rosen.
00:01:01

Trump Cancels Senate Hearing for DNI Pick, Alleges Democrats Broke Agreement

President Donald Trump on June 17 canceled a hearing slated for June 17 for his pick to be the next director of national intelligence (DNI).
00:01:33

Trump Unveils New Air Force One Plane

President Trump unveiled the plane that will serve as the new Air Force One, a Boeing 747-8 luxury jet that was gifted to the US by the Qatari government in 2025.
00:01:27

Trump Threatens 100 Percent Tariff on French Wines Over Digital Services Tax

Trump threatened to impose a 100% tariff on French wines and champagne unless France eliminates its digital services tax on large American tech companies.

Trump Heads to G7 Summit in France: Here’s What to Expect

U.S. President Donald Trump is en route to France on June 15 to attend the annual G7 summit, just hours after announcing a deal with Iran.
00:01:27

Trump Reopens Pacific Marine Monuments to Commercial Fishing

President Donald Trump on Thursday issued a proclamation reopening large portions of several Pacific marine national monuments to commercial fishing.
spot_img

Related Articles

Popular Categories

MAGA Business Central