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House passes debt limit suspension, sets up standoff in Senate

Erik Wasson  |  September 22, 2021

By Erik Wasson, includes “The Democratic-controlled House passed a bill that would suspend the U.S. debt ceiling into December 2022 and provide the government funding to operate past Sept. 30. Republicans have vowed to block it when it reaches the Senate over the debt limit provision. … But Democrats want Republicans to share political responsibility for the debt, which was increased under both Republican and Democratic administrations, ahead of the 2022 midterm elections. Republicans were united in opposition to that prospect.”

Read the full article on: Bloomberg Tax

 
 
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