Will The Temporary Lift On The Debt Ceiling Become Permanent? | WHAT REALLY HAPPENED X-Frame-Options: SAMEORIGIN

Will The Temporary Lift On The Debt Ceiling Become Permanent?

The Senate on Thursday passed legislation to temporarily raise the federal government's $28.4 trillion debt limit and bypass the risk of a historic default later this month, though it put off until early December a ruling on a longer-lasting remedy. The Senate voted 50-48 to pass the bill after weeks of partisan fighting.

The $480 billion increase to the current $28.4 trillion debt limit is supposed to be exhausted by Dec. 3, the same day that funding for most federal programs further expires under a stop-gap measure passed earlier this month after another partisan standoff.

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