Debt Limit Process News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The first step to avoid the nation's first ever default on its debt. they voted to advance a bill that would temporarily suspend the filibuster and allow a vote to raise the debt ceiling. democrats needed 10 republicans to go along with this. they got 14. i want to bring in sahil kapur. explain what just happened in regular human terms, right? number two, is this crisis averted? is this it? >> hallie, this was the most significant hurdle to clear because this is the only part of the debt limit process that needed republican cooperation. it needed ten votes in the senate. it got 14 republican v...

From capitol hill. first, what's the plan? what's been worked out here? >> reporter: well, it is complicated, and it all underscores the lengths to which republicans in particular will go to raise the debt ceiling, avoid a default, without actually having to cast the vote to raise the debt ceiling because under the rules of the senate, there needs to be 60 votes to avoid any filibuster, but there are only 50 republican senators and 50 democratic senators, so what ten republican senators would move forward to raise the debt ceiling? that doesn't exist at the moment so they created this complica...

Disagreements more privately. martha: but there are issues and we have been talking about and you have been covering and democrats may want to put daylight between themselves and the president on like getting tough on spending, it shocks me today they announced the new debt limit is going to be met this month. >> reporter: well, yes, the debt limit process is still going through, legislature slatively through the -- legislatively through the congress and there was a theory, as you mentioned the earlier hour to get an extension, all the way through the end of the 2010 elections, and that proces...