Debt limit bill passes House, Senate vote timing uncertain.

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Source: CNN
Debt limit bill passes House, Senate vote timing uncertain.
Photo: CNN
TL;DR Summary

The Senate is working to pass a bill to suspend the nation's debt limit through January 1, 2025, but the timing of the vote is uncertain. Senate Majority Leader Chuck Schumer and Republican Leader Mitch McConnell want to move ahead with a vote on the bill as early as Thursday, but would need an agreement from all 100 senators to do so. Suspending the debt limit through 2025 would take the threat of default off the table until after the presidential election. The bill passed the House with significant bipartisan support, but several Republicans and Democrats have already said they will oppose it.

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