Senate votes to push debt crisis off until December

By Susan Ferrechio

Published October 8, 2021 12:32am ET

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Senate votes to push debt crisis off until December — The Senate voted Thursday to avert a looming debt crisis — but only temporarily. Lawmakers approved legislation that would provide the Treasury with approximately $480 billion in borrowing authority until Dec. 3. The 50-48 vote, with no Republicans voting in favor, followed a bipartisan agreement that came after a weekslong standoff between Republicans and Democrats […]

The Senate voted Thursday to avert a looming debt crisis — but only temporarily.

Lawmakers approved legislation that would provide the Treasury with approximately $480 billion in borrowing authority until Dec. 3.

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