Mon, Jul 18th, 2022 - 8:04am
December 08, 2021 - 6:47am | By Kyle Cornell
(Washington, DC) -- The clock is ticking to prevent the nation from going into default one week from Wednesday.
The House passed a bill Tuesday night that paves the way for the Senate to raise the debt ceiling on a simple majority vote. Republicans already extended the borrowing limit and have refused to take part in a long-term increase.
The Senate's GOP leader does believe however that most of his colleagues will support this solution, and predicts a vote could happen Thursday.