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Senate Takes Up Debt Ceiling Workaround

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“The Senate will vote Thursday to take up a one-time loophole to allow Democrats to raise the debt limit on their own, a major step toward warding off mid-December economic fallout,” Politico reports.

“The chamber will consider the initial 60-vote hurdle midday. At least 10 Republican senators are expected to vote in support, setting in motion the deal Senate Minority Leader Mitch McConnell struck with Majority Leader Chuck Schumer to prevent the United States from defaulting on its more than $29 trillion in debt as soon as next week.”

At least 10 Republican senators are apparently willing to pass a filibuster carve out to allow Democrats to lift the debt ceiling, but there are not 10 Republicans who will simply agree to lift the debt ceiling.
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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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