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Senate passes a short-term debt limit extension

The U.S. Senate passed a short-term extension of the debt ceiling on Thursday night. The bill allows the nation's borrowing limit to be increased by $480 billion, which the Treasury Department says will be enough to cover the country's debt obligations until December 3. CBS News political contributor and Washington Post White House reporter Sean Sullivan joins CBSN anchor Lana Zak to discuss what's next for this bill and what hurdles Congress needs to overcome to reach a long-term agreement.

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Senate disagrees on funding and debt ceiling

On Tuesday, Senate Republicans blocked a second attempt by Democrats to address government funding and the country's debt ceiling. Critical deadlines for both are quickly approaching and failure to reach an agreement would result in a government shutdown and the U.S. going into default. CBS News political analyst and Republican strategist Leslie Sanche and CBS News political contributor and Democratic strategist Antjuan Seawright joined CBS News' Ed O'Keefe to discuss what's at stake for both sides and what it will take to reach an agreement.

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