Loading...

mosque
partly-cloudy
°C,

U.S. Senate passes, sends Biden bill paving way for debt limit

December 10, 2021 / 9:55 AM
Image for the title: U.S. Senate passes, sends Biden bill paving way for debt limit
download-img
Sharjah24 – Reuters: The U.S. Senate on Thursday passed and sent to President Joe Biden the first of two bills needed to raise the federal government's $28.9 trillion debt limit and avert an unprecedented default .
The Senate voted 59-35 for the measure, with 10 Republicans, including Minority Leader Mitch McConnell, backing the bill, which allows an upcoming vote on raising the debt ceiling to pass the chamber with a simple majority. McConnell said earlier this week that he believed the procedure was in the best interests of the country because it avoids default.

The Democratic-led House of Representatives approved the legislation on Wednesday night by 222-212, with only one Republican backing it.

Biden is expected to promptly sign the unusual procedural measure that paves the way for the second bill, which would actually increase government borrowing authority, to pass in coming days.

"I want to be clear, this is about paying deb
December 10, 2021 / 9:55 AM

Related Topics

More on this Topic

Rotate For an optimal experience, please
rotate your device to portrait mode.