US averts credit default with 11th-hour debt limit hike

US averts credit default with 11th-hour debt limit hike

This post was originally published on this site US lawmakers voted to raise the federal debt limit on Wednesday, eliminating the threat of a disastrous credit default with just hours to spare ahead of the deadline set by the Treasury. The deeply divided Senate voted on Tuesday to raise the...

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Senate to act on debt limit ahead of December 15 deadline

Senate to act on debt limit ahead of December 15 deadline

This post was originally published on this siteThe Senate is on track to vote on Tuesday to raise the national debt limit as lawmakers race to avert a catastrophic default ahead of a critical mid-week deadline.

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Senate Clears Last Hurdle to Raising Debt Ceiling

Senate Clears Last Hurdle to Raising Debt Ceiling

This post was originally published on this siteFourteen Republicans joined Democrats in voting to take up legislation that would pave the way for Congress to raise the debt ceiling by a simple majority vote, skirting a filibuster.

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14 GOP senators help advance McConnell debt limit deal

14 GOP senators help advance McConnell debt limit deal

This post was originally published on this siteFourteen Senate Republicans on Thursday helped advance a deal negotiated by Senate Minority Leader Mitch McConnell (R-Ky.) to set up a one-time exemption to the filibuster on raising the debt ceiling. Senators voted 64-36 to close…

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Senate will take up debt limit fast-track plan Thursday

Senate will take up debt limit fast-track plan Thursday

This post was originally published on this siteThe Senate will begin considering a bill on Thursday that would create a fast-track process allowing Democrats to raise the federal debt limit without votes from Republicans, a crucial next step as lawmakers race the clock to avert a catastrophic debt default.

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Senate averts initial December crisis with last-minute deal

Senate averts initial December crisis with last-minute deal

This post was originally published on this siteThe Senate averted a government shutdown that would have thrown President Biden’s agenda into limbo when Senate Majority Leader Charles Schumer (D-N.Y.) struck a deal late Thursday with conservative Senate Republicans to fund the government until…

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House could vote on stopgap funding bill to avert shutdown Wednesday

House could vote on stopgap funding bill to avert shutdown Wednesday

This post was originally published on this siteThe House of Representatives could vote as soon as Wednesday to approve a stopgap measure to prevent a government shutdown at the end of the week when funding runs out Friday at midnight.

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Congress’s goal in December: Avoid shutdown and default

Congress’s goal in December: Avoid shutdown and default

This post was originally published on this siteCongress faces a government shutdown by week’s end and the expiration of the debt limit on Dec. 15, giving Senate Majority Leader Charles Schumer (D-N.Y.) and Speaker Nancy Pelosi (D-Calif.) two big challenges at the start of a very busy December.&…

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No deal in sight as Congress nears debt limit deadline

No deal in sight as Congress nears debt limit deadline

This post was originally published on this siteCongress is only a couple of weeks away from hitting the Dec. 15 deadline to raise the federal debt limit and Senate Majority Leader Charles Schumer (D-N.Y.) and Minority Leader Mitch McConnell (R-Ky.) don’t appear to be anywhere close to a deal….

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Congress returns from a holiday break with a full plate of must-pass legislation

Congress returns from a holiday break with a full plate of must-pass legislation

This post was originally published on this siteCongress faces a Friday deadline to keep federal agencies funded and avoid a partial shutdown, while Democrats push to pass the remainder of President Biden’s spending agenda.

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