WASHINGTON - The Senate has approved legislation that would create a one-time, fast-track process for raising the debt limit with a simple-majority threshold and avoiding a Republican filibuster — setting Congress up to approve a final increase in the coming days.On Thursday night, the upper chamber voted 59-35 to approve the bill, which was signed by President Joe Biden Friday afternoon. "I just signed a bill to fast-track the process to raise our debt limit," Biden wrote in a post on Twitter. "The nation’s full faith and credit has always been a shared responsibility.
The bipartisan support of this legislation shows that it is still possible for leaders to work across the aisle and deliver," Biden added.In short, the bill tucks a.