US Senate Passes Measure to Set Up Final Vote to Raise Debt Ceiling as Soon as Next Week

© REUTERS / LEAH MILLISA security camera can be seen near the U.S. Capitol building as the sun sets in Washington, U.S., November 29, 2021.
A security camera can be seen near the U.S. Capitol building as the sun sets in Washington, U.S., November 29, 2021. - Sputnik International, 1920, 10.12.2021
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WASHINGTON (Sputnik) - The US Senate passed a measure that sets up a fast-track process to hold a final vote to increase the federal debt ceiling as soon as next week.
The Senate passed the measure with a 59-35 vote on Thursday.
The US House of Representatives on Tuesday passed their own legislation to expedite the passage of a debt limit increase, which would prevent a default on the United States' debt.
US President Joe Biden is expected to sign the debt ceiling increase if passed by both chambers of Congress.
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