The Senate passed a bill Thursday night to extend the debt limit through early December, temporarily ending a partisan standoff just 11 days before the government's deadline to avoid a default, NBC news reports.
The bill passed 50-48, with no Republicans joining Democrats in support. The vote came shortly after the chamber voted 61-38 on a procedural motion to break a filibuster, securing the bill's advance.
The vote on the agreement needed 60 votes to prevent what the Treasury Department warns would be an economic calamity if the country defaults for the first time. Ten Republican votes were needed to bypass the GOP filibuster to make it to the simple-majority final passage vote.
The Republicans who voted in the affirmative were Sens. John Barrasso of Wyoming, Roy Blunt of Missouri, Shelley Moore Capito of West Virginia, Susan Collins of Maine, John Cornyn of Texas, Mitch McConnell of Kentucky, Lisa Murkowski of Alaska, Rob Portman of Ohio, Mike Rounds of South Dakota, Richard Shelby of Alabama and John Thune of South Dakota. Sens. Richard Burr, R-N.C. and Marsha Blackburn, R-Tenn. were absent.
The deal would raise the limit by $480 billion, which is the figure U.S. Treasury Secretary Janet Yellen says is needed to get to Dec. 3.
House Speaker Nancy Pelosi, D-Calif., told members Thursday it is possible they'll need to return early to vote on the agreement. After passing the House, the bill would then head to President Joe Biden, who is expected to sign it.
White House press secretary Jen Psaki said that Biden looks forward to signing the bill. She said raising the limit was "a shared responsibility" that pays for debts incurred in the past, and "there must be no question of whether America will pay its bills."
"As we approach the coming months, we hope that even more Republicans will join Democrats in responsibly addressing the debt limit instead of choosing default or obstruction," she said in a statement.
