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U.S. Senate to vote on $2.5 trillion boost to federal debt limit

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Reuters

By David Morgan and Richard Cowan WASHINGTON (Reuters) – The U.S. Senate is expected to vote on Tuesday to raise the federal government’s $28.9 trillion debt limit by $2.5 trillion and forward the measure to the House of Representatives for final passage, to avoid an unprecedented default. Both Democratic and Republican aides said the Senate was expected to vote on passage later on Tuesday, following a months-long standoff. The chamber has allowed for up to 10 hours of debate, which could push the vote into the evening. Republicans were expected to yield back some debate time, raising the odds…

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