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House passes debt-ceiling overhaul that allows Senate Democrats to avoid catastrophic default without the GOP

House passes debt-ceiling overhaul that allows Senate Democrats to avoid catastrophic default without the GOP
U.S. Speaker of the House Rep. Nancy Pelosi (D-CA) speaks during a weekly news conference at the U.S. Capitol July 28, 2021.Alex Wong/Getty Images


The House approved a debt-ceiling overhaul that could soon allow Senate Democrats to avoid a government default.




The legislation lets the Senate lift the limit by a simple majority instead of requiring 60 votes.




Still, the reform itself requires 60 Senate votes, and it's unclear if enough Republicans will back it.


Congress has one week to save the US from an unprecedented economic crisis. The House just took the first step to resolve it with an unorthodox solution.The House voted 222A to 212 on Tuesday night to approve a reform for raising the debt ceiling. The bill will allow the Senate to lift the limit with a simple majority instead of the 60-vote threshold needed to break a filibuster. If approved in the Senate and signed into law by President Joe Biden, the reform will pave the way for Senate Democrats to raise the ceiling on their own.One Republican, Rep. Adam Kinzinger, joined House Democrats in passing the plan in the nighttime vote. The overhaul's passage marks the first major step toward raising the ceiling, and the clock is ticking with only days to go before the US potentially breaches the debt limit.The debt ceiling serves as the legal limit for how much the government can borrow to pay for its past spending. Treasury Secretary Janet Yellen said in mid-November that Congress has until December 15 to raise or suspend the limit before the government risks defaulting on its debt.
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