Senate Democratic and Republican leaders forged a stop-gap deal on Thursday to raise the debt ceiling until December after GOP Minority Leader Sen. Mitch McConnell effectively blinked to end a monthlong standoff.
The bill passed the Senate Thursday night on a 50-48 vote. Now the bill goes to the House, which is expected to pass the measure next week.
Senate Majority Leader Chuck Schumer (D-N.Y.) expressed relief on Thursday evening, accusing Republicans of having played a dangerous game with the deficit.
