Since it will remain a regular session, and not a special session, lawmakers won’t be limited in the kinds of bills they may introduce.
WASHINGTON (AP) — President Joe Biden on Thursday signed into law a bill raising the nation's debt limit until early December, delaying the prospect of an unprecedented federal default that would cause economic disaster.
WASHINGTON (AP) — The House has approved a short-term increase to the nation's debt limit, ensuring the federal government can continue fully paying its bills into December and temporarily averting an unprecedented default that would have decimated the economy.
The relief provided by passage of the legislation will only be temporary though, forcing Congress to revisit the issue in December.
WASHINGTON (AP) — Members of the House on Tuesday pushed through a short-term increase to the nation's debt limit, ensuring the federal government can continue fully paying its bills into December and temporarily averting an unprecedented default that would have decimated the economy.
A bill to raise the U.S. debt limit cleared the Senate on Thursday night, likely staving off a default crisis. House approval is still needed.
An agreement has been reached to extend the government's borrowing authority into December, temporarily averting a debt crisis.
Republican senators blocked a bill Monday night to keep the government operating and suspend the debt limit to avoid a default, but Democrats aiming to avert a shutdown are likely to try again.
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