US Senate pols agree to let themselves continue borrowing and spending

Source: USA Today

“The Senate Thursday night ended a partisan stalemate over the nation’s debt ceiling that had threatened to roil global financial markets, agreeing to a temporary extension that portends another showdown in early December. By a 50-48 vote, the Democratic-led Senate approved the two-month extension. Some Senate Republicans joined Democrats in ending a filibuster, allowing the bill to reach the floor and pass with a simple majority. … The deal merely postpones a long-term decision on the debt limit. Congress would need to act on another debt limit solution by December to avoid another risk of default.” (10/07/21)