U.S. Senate votes to raise debt ceiling, averting catastrophic default

October 8, 2021

WASHINGTON (Reuters) – Legislation to raise the U.S. federal borrowing authority by $480 billion and avoid possible catastrophic debt defaults later this month drew enough support in the Senate on Thursday to advance toward passage.

(Reporting by Richard Cowan and Makini Brice, Editing by Rosalba O’Brien)

Source Link U.S. Senate votes to raise debt ceiling, averting catastrophic default