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U.S. Senate’s Schumer to seek vote to increase the debt limit, on a majority vote By Reuters


© Reuters. FILE PHOTO – U.S. Senate Majority Lead Chuck Schumer (D.NY), speaks with reporters at the end of the Senate Democrats weekly Policy Lunch at the U.S. Capitol, Washington, U.S.A, September 21st 2021. REUTERS/Elizabeth Frantz

WASHINGTON (Reuters) – U.S. Senate Majority Leader Chuck Schumer said he will ask later Tuesday for unanimous consent for the chamber to hold a vote to increase the nation’s debt limit on a majority vote, which would skip the procedural step that normally requires a supermajority for legislation to advance.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.