Congress has until October 18 to raise the ceiling or risk default that would have widespread economic consequences.
Mitch McConnell and Lindsey Graham are among those who approved the short-term government funding bill that keeps federal agencies open until December 3.
Congress approved a temporary spending measure just hours before funding for most federal agencies would have been cut off.
While Democrats may avoid a government shutdown, they still face an intra-party dispute over infrastructure proposals.
House Democrats are continuing efforts to raise the debt ceiling in order to avoid the U.S. from defaulting on the national debt.
Hundreds of thousands of federal workers could be furloughed if an agreement is not reached by midnight on Thursday.
Senate Republicans on Monday prevented the passage of a stopgap measure to fund the federal government.
The U.S. government is on track to run out of funding at midnight on Thursday unless an agreement is reached.
Republicans blocked a stopgap bill that would have temporarily raised the debt ceiling but a new poll shows more voters would blame Democratics for a shutdown.
"We will not provide Republican votes for raising the debt limit," Senate Minority Leader Mitch McConnell reportedly said before the vote.
Biden told reporters Thursday that he's "confident" Congress will pass both the bipartisan physical infrastructure plan and the Build Back Better plan.
"The most likely outcome is that cash and extraordinary measures will be exhausted during the month of October," Treasury Secretary Janet Yellen said.
"Members of Congress need to see & read the bills we are expected to vote on," Alexandria Ocasio-Cortez tweeted.
Lawmakers may need to again approve a stopgap spending measure to avoid a government shutdown as they finalize a nearly $1 trillion relief package.
Passing another stopgap spending bill could keep the government open past a Friday night deadline while congressional leaders iron out their differences over a $900 billion package. However, resistance is expected.
Despite millions of Americans struggling to make ends meet amid the pandemic, Rand Paul, Bernie Sanders and a conservative group of lawmakers briefly flirted with the notion of forcing a short shutdown this weekend to push their own legislative priorities.
If the gridlock on Capitol Hill over another coronavirus stimulus package is any indication of lawmakers' future behavior, the country could be heading toward a shutdown—a scenario that could have implications on the November election.
Washington saw a constant stream of unprecedented events in 2019, from a scandal that will forever be a stain on the president's legacy to a record number of Democrats vying to unseat him.
This time last year, a deadlock between President Donald Trump and House Democrats famously produced the shot of Nancy Pelosi exiting a White House meeting with sunglasses and a burnt orange coat.
With a bipartisan $1.37 trillion spending package nearly on its way to the House floor, a government shutdown over the holidays is appearing less likely.
The government will shut down unless a new budget or temporary funding measure is passed and signed into law by the end of the day December 20.
Congress passed a stopgap spending measure to fund the government through December 20. A government shutdown was set to commence Thursday at midnight without congressional action.
The Senate is expected to pass the short-term funding bill, known as a continuing resolution, but President Donald Trump still has to sign it.
While the nation's attention has been focused on Ukraine, global relations with China may be about to take a nose dive.
The measure is expected to be passed and signed by Thursday's midnight deadline because it does not add new restrictions on border wall funding.
Federal agencies could run out of money at midnight Thursday, triggering a partial government shutdown. Lawmakers are working to pass a temporary solution.
"My assessment is one could run into February," said. Sen. Richard Shelby (R-Ala.), chairman of the Senate Appropriations Committee. "Will it? It's not up to me."
Schumer has been fighting over government funding with Senate Majority Leader Mitch McConnell. The government is funded through November 21.
"There were reports of employees having to rely on food banks and the support of family and friends. Some were even advised to see doctors for symptoms of depression."