Senate advances bill paving way for debt-limit increase

Senate advances bill paving way for debt-limit increase

The Senate on Thursday advanced a bill that is designed to allow Democrats to raise the U.S. debt limit on their own, as Washington works to avert a default.

Fourteen Senate Republicans joined Democrats in advancing legislation that sets up a simple-majority vote on the debt limit. Earlier this week, Senate Minority Leader Mitch McConnell, a Kentucky Republican, said he was confident enough GOP senators would back the process.

Read: Congressional leaders reach deal to raise debt limit, likely averting default

The Democratic-led House of Representatives passed the legislation paving the way for a simple-majority debt-limit increase on Tuesday. The debt deal was tied to other legislative language preventing cuts to Medicare.

After final passage in the Senate and enactment by President Joe Biden, Congress will be able to move ahead on a separate bill lifting the borrowing limit, including a dollar amount. That measure would…

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