{"id":52226,"date":"2021-10-07T21:53:42","date_gmt":"2021-10-07T17:53:42","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=52226"},"modified":"2021-10-07T21:53:47","modified_gmt":"2021-10-07T17:53:47","slug":"senate-rushes-to-480-billion-debt-limit-top-up","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/senate-rushes-to-480-billion-debt-limit-top-up\/10\/07\/market-updates\/","title":{"rendered":"Senate rushes to $480 billion debt limit top-up"},"content":{"rendered":"\n<p>The U.S. Senate on Thursday took a step to pass a $480 billion increase in Treasury Department borrowing authority, a move that would turn aside a catastrophic debt default later this month but setting the scene for another potential showdown in December.<br><br>That vote, expected Saturday, could come sooner if all 100 members of the Senate, which is evenly split between Democrats and Republicans, agree to speed up the process.<br><br>If the legislation clears the first hurdle to limit debate on the bill, as expected, the Senate would then vote on raising the debt ceiling to $28.9 trillion from the current $28.4 trillion.<br><br>Senate passage could come as late as Sunday or Monday if any senator insists that all available debate time be used. But Schumer expressed hope for faster action.<br><br>Democrats had been trying to pass legislation that would have raised the debt limit through the end of 2022 but Republicans blocked that effort.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Senate on Thursday took a step to pass a $480 billion increase in Treasury Department borrowing authority, a move that would turn aside a catastrophic debt default later this month but setting the scene for another potential showdown in December.That vote, expected Saturday, could come sooner if all 100 members of the Senate, &hellip;<\/p>\n","protected":false},"author":13,"featured_media":52135,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7704,7613,7700,7589,7591,7588,7414,7705],"class_list":["post-52226","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-conciliation","tag-debt-limit","tag-debt-limit-deal","tag-democrats","tag-federal-budget","tag-republicans","tag-senate","tag-vote"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=52226"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52226\/revisions"}],"predecessor-version":[{"id":52232,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52226\/revisions\/52232"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/52135"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=52226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=52226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=52226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}