U.S. Senate approves temporary lift of debt ceiling, averts default WASHINGTON, Oct 7 (Reuters) – The U.S. Senate approved legislation on Thursday to temporarily raise the federal government’s $28.4 trillion debt limit and avoid the risk of a historic default this month, but put off until early December a decision on a longer-lasting remedy. The bill was approved in a 50-48 vote, following weeks of partisan fighting. The breakthrough came less than two weeks before the US was set to be unable to borrow money or pay off loans for…
U.S. Senate approves temporary lift of debt ceiling, averts default . . .
