The Senate has passed a bill to increase the federal debt ceiling, after weeks of tense cross-aisle negotiations regarding the looming threat of the country defaulting on its debt. The legislation was approved Thursday night along party lines, with a simple majority. An earlier procedural vote required Republicans to get to 60 votes. It got 61. House approval is still needed.
The votes followed a bipartisan deal from Senate Majority Leader Chuck Schumer, D-N.Y., and Republican Leader Mitch McConnell, R-Ky., to avoid the immediate threat of default by shifting the debt limit deadline to early December. The bill would increase the borrowing limit by $480 billion. The Treasury Department estimates that amount should be sufficient to keep debt payments flowing until Dec. 3.
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61-38: Senate ends a filibuster against increasing the debt ceiling by $480 billion to December 3rd. 60 votes were needed.
11 Republicans Blunt Barrasso Capito Collins Cornyn McConnell Murkowski Portman Rounds Shelby and Thune voted Yes with all Democrats. Burr did not vote. pic.twitter.com/X0F98EMj4Y
— Craig Caplan (@CraigCaplan) October 8, 2021