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Senate to vote on raising borrowing limit
WASHINGTON, D.C. (NEWSCHANNEL 3) - The U.S. Senate could vote as early as Wednesday on a bill to raise the nation's borrowing limit.
The bill passed the house yesterday with no strings attached from republicans.
It allows the government to borrow what it needs through March of 2015, fulfilling obligations like cutting social security checks, paying debt and federal workers' salaries.
Senate democrats expect it to pass their chamber easily, despite a threat of filibuster from Senator Ted Cruz.
That would force a 60-vote threshold for passage, meaning at least five republicans would have to vote yes.