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Tags: debt | house

Debt Limit Hike Heads to Passage in House

Debt Limit Hike Heads to Passage in House
(Dreamstime)

Tuesday, 12 October 2021 07:28 PM

A majority of the U.S. House of Representatives on Tuesday voted to pass legislation raising the Treasury Department's borrowing limit to $28.9 trillion, averting a debt default that otherwise could have occurred around Oct. 18.

President Joe Biden is expected to promptly sign the bill into law. The new level of borrowing authority is expected to be exhausted around Dec. 3, requiring Congress to act again before then. 

© 2021 Thomson/Reuters. All rights reserved.


Politics
A majority of the U.S. House of Representatives on Tuesday voted to pass legislation raising the Treasury Department's borrowing limit to $28.9 trillion, averting a debt default that otherwise could have occurred around Oct. 18.President Joe Biden is expected to promptly...
debt, house
68
2021-28-12
Tuesday, 12 October 2021 07:28 PM
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