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With GOP’s help, Senate votes to let Democrats pass debt limit increase

By Susan Ferrechio
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With GOP’s help, Senate votes to let Democrats pass debt limit increase

Senate lawmakers voted Thursday to fast-track a measure to raise the nation’s borrowing limit, likely until after the 2022 midterm elections.

The move paves the way for the House and Senate next week to pass legislation increasing the debt ceiling ahead of a Dec. 15 deadline set by Treasury Secretary Janet Yellen.

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Chuck Schumer Congress Debt Ceiling Donald Trump Janet Yellen Mitch McConnell