Congress is moving to avert one crisis while putting off another.
The Senate is expected to approve legislation Thursday that would allow the federal government to continue running until early December.
After the Senate vote, the House is expected to approve the measure. This will prevent a partial government shutdown that would occur when the new fiscal year starts Friday.
Democrats were forced to remove a suspension of the federal government’s borrowing limit from the bill at the insistence of Republicans.
Treasury Secretary Janet Yellen warns that if the debt limit isn’t raised by Oct. 18, the country would likely face a financial crisis and economic recession.