CNN CNN Newsroom Live October 8, 2021 08:02:00
U.s. debt limit to a whopping $28.88 you can see there, trillion dollars. that's the amount the government can borrow to pay the bills it already owes and has nothing to do with future spending. so, what does this all mean? cnn's ryan nobles has more on the senate compromise as well as the major challenges still ahead. >> reporter: it wasn't easy, but the united states senate has passed a bill that is going to lift the debt ceiling temporarily through the first week of december and averting an economic catastrophe that could have happened if the debt ceiling wasn't lifted as soon as next week....