After a deal was reached in the Senate, the House on Tuesday night passed a measure that is the first step in preventing a federal default on more than $29 trillion in debt.
Senate Majority Leader Chuck Schumer (D-N.Y.) and Senate Minority Leader Mitch McConnell (R-Ky.) have agreed to a one-time deal allowing the Senate to increase the federal borrowing limit with a simple majority. McConnell says he is "confident" at least 10 Republicans will vote in favor of the process. The vote could take place on Thursday, Politico reports. If it passes, the House and Senate would then need to hold separate votes in order to actually increase the debt limit.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
US sanctions Israeli West Bank settler groupSpeed Read The Biden administration has imposed sanctions on Amana, Israel's largest settlement development organization
-
Gaetz ethics report in limbo as sex allegations emergeSpeed Read A lawyer representing two women alleges that Matt Gaetz paid them for sex, and one witnessed him having sex with minor
-
Today's political cartoons - November 19, 2024Cartoons Tuesday's cartoons - junk food, health drinks, and more
-
US sanctions Israeli West Bank settler group
Speed Read The Biden administration has imposed sanctions on Amana, Israel's largest settlement development organization
-
Gaetz ethics report in limbo as sex allegations emerge
Speed Read A lawyer representing two women alleges that Matt Gaetz paid them for sex, and one witnessed him having sex with minor
-
Biden allows Ukraine to hit deep in RussiaSpeed Read The U.S. gave Ukraine the green light to use ATACMS missiles supplied by Washington, a decision influenced by Russia's escalation of the war with North Korean troops
-
Sri Lanka's new Marxist leader wins huge majoritySpeed Read The left-leaning coalition of newly elected Sri Lankan President Anura Kumara Dissanayake won 159 of the legislature's 225 seats
-
Biden arrives in Peru for final summitsSpeed Read President Joe Biden will meet Chinese President Xi Jinping, visit the Amazon rainforest and attend two major international summits
-
Senate GOP selects Thune, House GOP keeps JohnsonSpeed Read John Thune will replace Mitch McConnell as Senate majority leader, and Mike Johnson will remain House speaker in Congress
-
Trump tests GOP loyalty with Gaetz, Gabbard picksSpeed Read He named Matt Gaetz as his pick for attorney general and Tulsi Gabbard as director of national intelligence. Both have little experience in their proposed jurisdictions.
-
Pentagon Discord leaker gets 15 years in prisonSpeed Read Jack Teixeira, a Massachusetts Air National Guard member, leaked classified military documents
