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By Associated Press
Capping a marathon day, the House gave final approval to the legislation early Wednesday morning on a near-party-line 221-209 vote, defusing a volatile issue until after the 2022 midterm elections.
By Brian Slodysko, Associated Press
The bill is expected to clear the Senate on a party-line vote that garners no Republican support, with swift passage by the House likely to follow before it then heads to President Joe Biden’s desk.
Congress approved a $480 billion increase in the nation’s debt limit in October. That’s enough for the Treasury to finance the government’s operations through Dec. 15, according to Treasury Secretary Janet Yellen's projection.
By Kevin Freking, Lisa Mascaro, Associated Press
Members of the House are scrambling to Washington to pass a short-term lift of the nation's debt limit. The vote Tuesday will ensure the federal government can continue fully paying its bills into December.
By Kevin Freking, Associated Press
Speaker of the House Nancy Pelosi told reporters Tuesday that over the years Republicans and Democrats have voted against lifting the debt ceiling, "but never to the extent of jeopardizing it."…
The Senate dodged a U.S. debt disaster Thursday night, voting to extend the government’s borrowing authority into December and temporarily avert an unprecedented federal default that experts warned would devastate the economy and harm millions of Americans.
By Lisa Mascaro, Kevin Freking, Josh Boak, Associated Press
Senate leaders have announced an agreement to extend the government's borrowing authority into December, temporarily averting an unprecedented default that experts say would have decimated the economy.
Sen. Bernie Sanders, a key supporter of Joe Biden's $3.5 trillion reconciliation spending plan strongly criticized Sen. Joe Manchin after the West Virginia Democrat said he does not want to see the United States become "an entitlement society."…
By Kevin Freking, Josh Boak, Associated Press
Democrats are signaling they are receptive to an offer from Republican leader Mitch McConnell that would allow for an emergency debt limit extension into December.
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