GOP Nixes New Democratic Move On Debt With Oct. 18 Deadline Set

U.S. President Joe Biden walks to the Oval Office of the White House after attending a memorial service in Washington, D.C., U.S., on Wednesday, Sept. 29, 2021. Republicans blocked a Democratic move in the Senate to raise the federal debt limit for the second time in as many days, escalating tensions less than three weeks before the U.S. Treasury potentially runs out of capacity to avert a federal payments default. Photographer: Yuri Gripas/Abaca/Bloomberg via Getty Images