Business Standard

Schumer plans vote on debt limit next week

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Senate Democratic Leader Chuck Schumer ratcheted up pressure on Republican­s in their feud over raising the national debt limit, announcing Thursday he will seek a vote “as early as next week” on House-passed legislatio­n suspending the legal ceiling. The timetable brings the vote nearer the October 18 deadline to avoid the first-ever default on US sovereign debt and tightens the time available to pursue a convoluted alternativ­e strategy to overcome a Republican blockade on addressing the debt limit. Senate Republican­s have twice blocked debt ceiling measures from advancing in the 50-50 chamber, where 60 votes are needed to proceed on most legislatio­n.

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