November 29, 2021

Rocky Daily News

Colorado Politics-Sports-Business-Weather

House expected to vote on debt limit Tuesday to avoid default

1 min read

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Passage in the House and President Biden’s signature will ensure the federal government can continue fully paying its already accrued debts.

WASHINGTON — Members of the House are scrambling back to Washington on Tuesday to approve a short-term lift of the nation’s debt limit and ensure the federal government can continue fully paying its bills into December.

The $480 billion increase in the country’s borrowing ceiling cleared the Senate last week on a party-line vote. The House is expected to approve it swiftly so President Joe Biden can sign it into law this week. Treasury Secretary Janet Yellen had warned that steps to stave off a default on the country’s debts would be exhausted by…



2021-10-12 11:45:43

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