US Senate to vote on debt ceiling hike into December

The Senate has set a vote on a bill to raise the nation’s debt ceiling into December and allow Trump to sign it into law as part of the spending deal struck this weekend….

US Senate to vote on debt ceiling hike into December

The Senate has set a vote on a bill to raise the nation’s debt ceiling into December and allow Trump to sign it into law as part of the spending deal struck this weekend. The vote is at least one week away.

“This amendment would include no further negotiations regarding the floor of the debt ceiling, nor changes to its terms,” the measure states.

Trump, facing a deadline to strike a deal on the spending deal over the coming weekend, agreed to an omnibus spending plan that would increase government spending to $1.3tn, over ten years. The package would increase the federal government’s borrowing authority until 1 December, well beyond the election year deadline Trump, Republican congressional leaders and congressional Democrats had previously agreed to.

Democrats initially rejected the deal and are calling for more negotiation over how the two sides structure the next budget before agreeing to vote on the spending package. Republicans have proposed the bill that would allow the government to borrow more money until mid-December, effectively kicking the can down the road for the debate over the debt ceiling. The bill will go to a vote in the Senate before Trump and other congressional leaders go into weekend negotiations and haggle over what future spending and debt increases look like.

Republicans control 51 seats in the Senate, but a combined Democratic-led filibuster will prevent them from eliminating debate. However, after being rejected by the lower chamber, the Senate will be able to vote on the measure even without getting 60 votes. In the event that a majority of senators vote in favor of the bill, it would move forward.

The latest deal has been negotiated between the Democratic president, Chuck Schumer, and Republican House speaker, Paul Ryan, and will be funded by Congress.

If the bill passes the Senate, it would be sent to Trump, who is reportedly pushing for it to include a 10-year extension of the tax cuts he signed into law earlier this year. A separate bill aimed at providing that extension is set to go before Congress on Tuesday. Trump is strongly opposed to reopening the government into the new year and has said he will not sign the omnibus spending deal if it does not include the extension of the tax cuts.

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