The Senate today — on a vote of 64-34 — successfully passed a bill to raise the nation’s debt ceiling for three months. The bill has already passed the House, so it now goes to President Obama for his signature. Four Republican amendments were rejected prior to final approval.
With the debt ceiling out of the way for the moment, the next big budget task for Congress is funding the federal government beyond March 27th, when the current round of funding expires, and dealing with the $1.2 trillion in spending cuts that will occur in early March due to the so-called “sequester.”
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