U.S. Debt-Ceiling Hike on Path for Final Passage

The transcript discusses the strategic measures taken to prevent Republican filibustering, focusing on a temporary law change to address the debt ceiling. This move aims to clear the path for Congress to focus on President Biden's agenda, including the Build Back Better economic bill. The bill, which includes a child tax credit, faces a deadline pressure to be passed by December 28th to avoid stopping payments in January.

What deadline has Chuck Schumer set for passing the economic bill?

What are the implications of not passing the legislation by December 28th?