Schumer says Senate will vote to raise debt ceiling Tuesday – By Michael Lee (FOX Business) / December 13, 2021
Congress passed legislation allowing for the debt ceiling to be raised with a simple majority in the Senate
Senate Majority Leader Chuck Schumer, D-N.Y., said the Senate will vote on raising the debt ceiling Tuesday.
“The Senate will act tomorrow to prevent default,” Schumer said during a speech on the Senate floor Monday, adding that the Senate will also aim to pass President Biden‘s social spending bill “before the Christmas holiday,” Fox News has confirmed.
The move comes after the House and Senate passed legislation allowing for the debt ceiling to be raised with a simple majority, bypassing the possibility of a Republican filibuster in the evenly split upper chamber.
Treasury Secretary Janet Yellen has said the government could reach the debt limit as early as Dec. 15. Democrats will attempt to raise the ceiling enough to get the government through the 2022 midterm elections.
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