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Senate votes 50-48 to Raise U.S. Debt Limit By $480 Billion
Posted
October 8, 2021
Views
3,421
Likes
66
Comments
47
Engagement
3.30%
October 8, 2021
3,421
66
47
3.30%
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2:17Now PlayingThe U.S. Senate approved legislation Thursday that pulls the nation from the brink of a first-ever payment default with a short-term debt-ceiling increase, breaking a weeks-long stalemate that rattled financial markets.
The vote was 50-48, with no Republicans in favor of the measure that simply kicks the can toward another precarious debt-limit fight in less than two months. The $480 billion increase in statutory borrowing would run out around Dec. 3.
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