Congressional Leaders Reach Deal To Hike Debt Limit

The video discusses the progression of a bill to the Senate that, if approved, allows Democrats to raise the nation's debt limit without a Republican filibuster. Republicans have stated they will not support future debt ceiling increases. The bill follows an agreement between Senate leaders McConnell and Schumer for a fast-track process expiring on January 15th. A subsequent vote will be required to set a new debt ceiling, estimated to exceed $30 trillion.

What new insight or understanding did you gain from this video?