House to vote on a short-term increase in the debt ceiling to enable the Treasury to continue borrowing money to pay the bills for two months. The measure offers only a temporary reprieve, and it is likely to set up another round of fighting in December.
WASHINGTON — The House is scheduled to pass a short-term increase in the debt ceiling Tuesday to enable the Treasury to continue borrowing money to pay the bills for two months.
The legislation is expected to pass the Democratic-controlled House in the afternoon. It narrowly cleared the 60-vote threshold toThe deal would set a new deadline of Dec. 3 to hit the debt ceiling again. Senators and aides said last week that the Treasury would most likely have some wiggle room beyond that to continue meeting obligations.
McConnell got rare criticism from Senate GOP colleagues for what they called a"capitulation" to Democrats, withas he sought to relieve pressure on pivotal centrist senators to use the so-called nuclear option to change the rules.
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