House Votes to Extend Debt Limit Through December, Biden Expected to Sign MeasureEpoch Times, United States politics | The Epoch Times

The House of Representatives voted late Tuesday to extend the federal debt ceiling through early December, sending the bill to President Joe Biden’s desk, who is expected to sign it. The party-line vote of 219-206 approves an increase of $480 billion to the debt limit until Dec. 3, lifting it from $28.4 trillion to $28.9 trillion. The move would temporarily avert a government default that Treasury Secretary Janet Yellen had previously warned would cause “irreparable” harm to the economy. The default was forecasted to happen by around Oct. 18, after which  the Treasury department would be unable to meet the government’s financial obligations. The legislation had passed the Senate last week on a party-line vote of 50–48, coming after 11 Republicans joined Democrats to end a filibuster that required 60 votes. Senate Minority Leader Mitch McConnell (R-Ky.) was among the 11 Republicans who sided with Democrats, but he voted against final passage. With the debt …Read More

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