The House passes a short-term fix to the looming debt ceiling crisis

Alana Wise  |  October 13, 2021

By Alana Wise, includes “The House of Representatives on Tuesday voted 219-206 to approve a short-term increase in the federal debt ceiling, heading off fiscal calamity and putting an end — for now — to tense negotiations between the two major parties. … The bill increases the borrowing limit by $480 billion — an amount the Treasury Department estimates should keep debt payments flowing until Dec. 3. … The December deadline was a compromise between Republicans and Democrats, but the path for a longer-term solution remains unclear.”

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