BREAKING: The Senate passed legislation to raise the debt ceiling by $2.5 trillion, just one day before the deadline Treasury Secretary Janet Yellen set for Congress to prevent what would be the nation's first ever default.
by $2.5 trillion, just one day before the deadline Treasury Secretary Janet Yellen set for Congress to prevent what would be the nation's first ever default.
The legislation would prevent another clash over the debt ceiling until after next year’s midterm elections.that would allow senators to increase the debt limit with a simple majority vote instead of the typical 60 votes needed to overcome a filibuster.between Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., over the past month.
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