U.S. President Joe Biden had indicated earlier this week that senators from his Democratic Party could bypass a supermajority voting rule in order to increase the nation’s debt limit without Republican votes.
“It’s a real possibility,” Biden told reporters outside the White House.
Treasury Secretary Janet Yellen has said the government will likely reach its borrowing limit by October 18 unless Congress acts.
Coming too close to the borrowing limit has its perils. A debt ceiling dispute in 2011 that Congress resolved two days before the borrowing limit was reached caused stock prices to fall and the first-ever credit downgrade for U.S. debt.
Under Senate rules, 60 votes are needed to advance the legislation instead of a simple majority vote. The chamber is evenly divided between the Democratic and Republican caucuses, and Republicans already blocked two efforts to raise the debt limit last week.
Here’s an explanation of how filibusters work.
https://www.voanews.com/a/biden-says-...
» Subscribe to VOA News: https://bit.ly/3KIPysi
» Watch more VOA News video: / voanews
Voice of America (VOA) is the largest U.S. international broadcaster, providing news and information in more than 40 languages to an estimated weekly audience of 236.8 million people. VOA produces content for digital, television, and radio platforms. It is easily accessed via your mobile phone and on social media. It is also distributed by satellite, cable, FM and MW, and is carried on a network of approximately 3,000 affiliate stations.
Since its creation in 1942, Voice of America has been committed to providing comprehensive coverage of the news and telling audiences the truth. Through World War II, the Cold War, the fight against global terrorism, and the struggle for freedom around the globe today, VOA exemplifies the principles of a free press.Connect with VOA News:
» VISIT OUR WEBSITE: https://www.voanews.com/
» LIKE OUR FACEBOOK PAGE: / voiceofamerica
» FOLLOW US ON INSTAGRAM: / voanews
» FOLLOW US ON TWITTER: / voanews
Watch video Explainer: What Is a Filibuster? online without registration, duration hours minute second in high quality. This video was added by user Voice of America 07 October 2021, don't forget to share it with your friends and acquaintances, it has been viewed on our site 11,07 once and liked it 7 people.