Date uploaded: 2021-10-08 01:01:21

The Senate Thursday night ended a partisan stalemate over the nation’s debt ceiling that had threatened to roil global financial markets, agreeing to a temporary extension that portends another showdown in early December. By a 50-48 vote, the Democratic-led Senate approved the two-month extension. Some Senate Republicans joined Democrats in ending a filibuster, allowing the bill to reach the floor and pass with a simple majority. The Senate stand-off was the biggest hurdle to prevent a default that economists warn would cause havoc to the global economy. The House, which is out of session next week, still needs to pass the measure before the U.S. Treasury defaults on Oct. 18. Head to usatoday.com for more on this developing story. 📸: @gettyimages