House approves debt limit increase that will last through part of December, sends bill to Biden
101 Articles
101 Articles
House approves debt-ceiling increase, pushing deadline to December
By Andrew Trunsky Daily Caller News FoundationThe House on Tuesday voted to lift the debt ceiling by $480 billion, temporarily averting widespread economic calamity after weeks of partisan gridlock and sending the bill to President Joe Biden’s desk.The House briefly interrupted its weeklong recess to pass a rule governing debate for three separate bills to which the ceiling raise was attached. It passed on a party-line vote given Republicans con…
House sends debt limit hike to Joe Biden, staving off default
The House has approved a short-term increase to the nation’s debt limit, ensuring the federal government can continue fully paying its bills into December and temporarily averting an unprecedented default that would have decimated the economy.The $480 billion increase in the country’s borrowing ceiling cleared the Senate last week on a party-line vote. The House approved it Tuesday so President Joe Biden can sign it into law this week. Treasury …
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