Crisis averted but troubles loom

Key Takeaways

Senate passed $480B increase in debt ceiling averting default, House returns on Tuesday to pass bill, Treasury estimates new deadline pushed until early December.To pass ceiling increase required 10 Republican votes to invoke cloture and stop the Republican filibuster.  Leader McConnell led the effort, voted for cloture, but could only get 10 other Republicans to vote to avert default.  McConnell said he will not intervene next time.Democrats continue to struggle with...

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