As the United States moves closer toward being unable to pay its bills, lawmakers released legislation Tuesday that would allow Democrats to raise the debt limit with a simple majority vote. The fast-track process would require Democrats in the Senate to introduce the legislation to raise the debt limit by a certain amount, rather than suspending the debt limit. It could then be voted on with a simple majority – rather than the usual 60 votes needed in the Senate. The House Rules Committee released the legislation that included setting up the procedure as part of a bill preventing Medicare spending cuts. Lawmakers have been in talks over how to proceed for weeks after the debt limit was increased in a short-term deal in October. Speaker Nancy Pelosi said the House will vote as early as Tuesday night to pass the procedural legislation. The Senate could vote to move the process forward as soon as Thursday. The move comes just over a week before the December 15th deadline, past which time Treasury Secretary Janet Yellen said there may be scenarios where the United States might not be able to pay all of its bills, increasing the risk of going into default for the first time in U.S. history. She said going into default would "eviscerate" the economic recovery. Senate Majority Leader Chuck Schumer said Tuesday that the goal was to increase the debt limit with a simple majority without a "convoluted, risky, lengthy process, and it looks like the Republicans will help us facilitate that." He said they feel good a . . . read the full article here.