Senate Clears Last Hurdle to Raising Debt Ceiling

“The Senate on Thursday cleared away the last major hurdle to raising the debt ceiling, effectively ending a Republican blockade and all but guaranteeing that Congress will be able to move quickly in the coming days to steer the government away from a first-ever federal default,” the New York Times reports.

“In a vote of 64-36, 14 Republicans joined every Democrat to take up legislation that would smooth and speed the way for Congress to increase the statutory borrowing limit by a set amount, still to be determined.”