Senate Democrats pass debt-ceiling hike of $2.5 trillion just in time to avoid catastrophe — and without any Republicans


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(Worthy News) – The Senate voted to raise the debt ceiling on Tuesday, advancing a crucial measure just before the US government risks defaulting on debt it has already incurred.

Senate Democrats approved the hike unanimously Tuesday afternoon, without any Republican voting in support. The body voted 50 to 49, with Republican Sen. Cynthia Lummis of Wyoming not voting. The legislation now goes to the House, where Democrats have said they will act Tuesday night to approve it.

Republicans did, however, lift their filibuster on a one-time basis so the Senate could pass this on a majority alone, paradoxically preserving their right to filibuster future votes. The measure was made possible by a deal between Senate Majority Leader Chuck Schumer and Minority Leader Mitch McConnell. [ Source: Business Insider (Read More…) ]

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