Senate dodges US debt disaster, voting to extend borrowing
The Senate has dodged a U.S. debt disaster by approving legislation to lift the federal limit on new borrowing by nearly a half-trillion dollars.

Alex Brandon/AP
Senate Majority Leader Chuck Schumer of N.Y., speaks with reporters arsenic helium walks to his bureau connected Capitol Hill, Thursday, Oct. 7, 2021, successful Washington. (AP Photo/Alex Brandon)
By: The Associated Press & Scripps National
Posted at 7:56 PM, Oct 07, 2021
and past updated 2021-10-07 21:50:37-04
WASHINGTON (AP) — The Senate has dodged a U.S. indebtedness catastrophe by approving authorities to assistance the national bounds connected caller borrowing by astir a half-trillion dollars.
Approved Thursday nighttime by a ballot of 50-48, the authorities volition widen the government’s authorization to get into December.
The last ballot happened aft 11 Republicans joined Democrats to interruption a filibuster.
ABC News reports that House Speaker Nancy Pelosi whitethorn bring backmost lawmakers aboriginal to ballot connected the bill. The House is scheduled to beryllium successful recess until Oct. 19.
Janet Yellen, caput of the Treasury, warned the U.S. would tally retired of wealth to wage its work if it didn't enactment by Oct. 18.
President Joe Biden is expected to motion the authorities erstwhile it makes it to his desk.
Copyright 2021 Scripps Media, Inc. All rights reserved. This worldly whitethorn not beryllium published, broadcast, rewritten, oregon redistributed.
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