Debt limit crisis averted, for now

CQ Budget, Ep. 217

Senate Majority Leader Charles Schumer, D-N.Y., is seen after a lunch with Senate Democrats in the U.S. Capitol. (Tom Williams/CQ Roll Call)
Senate Majority Leader Charles Schumer, D-N.Y., is seen after a lunch with Senate Democrats in the U.S. Capitol. (Tom Williams/CQ Roll Call)
Posted October 8, 2021 at 12:56pm

The Senate approved a short-term debt limit patch Thursday night, raising borrowing authority by $480 billion, but the compromise between Senate leaders doesn’t provide much time to reach a longer-term agreement. CQ Roll Call’s Jennifer Shutt and David Lerman take a look at the impending showdown over the debt limit.

Show Notes: