July 16, 2024
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Deal to avert U.S. default, raise debt limit faces test in Senate

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By Richard Cowan and David Morgan WASHINGTON (Reuters) -A deal between the U.S. Senate’s top Democrat and top Republican to help raise the federal government’s $28.9 trillion debt limit will be tested Thursday when the chamber votes on the measure. The House of Representatives on Tuesday approved an unusual bill, agreed to by Senate Majority Leader Chuck Schumer and Minority Leader Mitch McConnell, to sidestep the Senate’s “filibuster https://www.reuters.com/world/us/what-is-us-senate-filibuster-why-is-everyone-talking-about-it-2021-10-06” rule and ultimately raise federal borrowing authority …

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