The U.S. Senate could approve a one-year extension of the U.S. debt limit by mid-afternoon on Wednesday after Republicans and Democrats agreed to shorten debate time ahead of an approaching snowstorm, Senate Majority Leader Harry Reid said.
The Democratic-controlled Senate at 1:45 p.m. (1845 GMT) will take a procedural vote on the "clean" debt ceiling hike passed on Tuesday by the House of Representatives, where Republicans hold the majority. Should the legislation receive the required 60 votes to advance, the Senate will move immediately to a final vote on the measure, said Reid, a Democrat. The vote would likely occur between 2 p.m. and 3 p.m.
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