Senate Republicans, Join Democrats, to Pass $480B Debt Ceiling Hike.<br />Late on October 7, senators voted to approve a short-term increase to the federal debt ceiling.<br />Fox News reports that the decision is <br />likely to have averted a default that <br />could have triggered a recession.<br />The $480 billion debt limit increase <br />was passed by a majority vote of 50-48.<br />11 Republican lawmakers joined Democrats to clear the 60-vote filibuster threshold.<br />11 Republican lawmakers joined Democrats to clear the 60-vote filibuster threshold.<br />Among the 11 Republicans who voted to allow the measure to proceed were Senate Minority Leader Mitch McConnell and Minority Whip John Thune.<br />Among the 11 Republicans who voted to allow the measure to proceed were Senate Minority Leader Mitch McConnell and Minority Whip John Thune.<br />The bill now heads to the House, where lawmakers are expected to vote on it as early as next week.<br />According to Fox News, <br />the $480 billion <br />increase is at least <br />enough to fund the <br />government through <br />early December.<br />Majority Leader Chuck Schumer <br />said the successful vote , "avoided a first-ever, <br />Republican-manufactured <br />default on the national debt.".<br />Schumer said he would continue to work <br />toward passing President Biden's <br />infrastructure and social spending bills.<br />With America honoring its full faith <br />and credit: Senate Democrats are continuing <br />our work to Build Back Better, help people <br />and families, fight climate change, create <br />the good-paying jobs of tomorrow, <br />and rekindle that optimism that has <br />long been the core of America's identity, Chuck Schumer, Senate Majority Leader, via Twitter
