BREAKING: The House has agreed to a short-term, $480 billion increase in the debt cap, staving off a federal default. The measure needs President Biden's signature to become law.
that steps to stave off a default on the country’s debts would be exhausted by Monday, and from that point, the department would soon be unable to fully meet the government’s financial obligations.
Republicans signaled the next debt limit debate won’t be any easier and warned Democrats not to expect their help. The present standoff over the debt ceiling eased when Senate Republican leader Mitch McConnell, R-Ky., agreed to help pass the short-term increase. But he insists he won’t do so again.to Biden, McConnell said Democrats will have to handle the next debt-limit increase on their own using the same process they have tried to use to pass Biden’s massive social spending and environment plan.
Pelosi offered her hope that Congress would lift the debt ceiling in a bipartisan way this December because of the stakes involved. But she also floated a bill sponsored by Rep. Brendan Boyle, D-Pa., that would transfer the duty of raising the debt limit away from Congress and vest it with the Treasury secretary, saying, “I think it has merit.”
McConnell was one of 11 Republicans who sided with Democrats to advance the debt ceiling reprieve to a final vote. Subsequently, McConnell and his GOP colleagues voted against final passage. “And then we’re going to play this game one more time, a despicable and irresponsible act for adults who know better,” Hoyer said.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
‘Hiding the Ball’: Hunter Biden Complicates White House Anti-Corruption PushHunter Biden’s activities threaten to complicate the White House’s efforts to position President Joe Biden as a global anti-corruption crusader
Les mer »
House sends debt-ceiling hike to Biden, avoiding default -- for nowMembers 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...
Les mer »
‘The president’s decline is alarming’: Biden trapped in coronavirus malaisePresident Joe Biden's standing has seen a drop among Democrats and even more with Republicans, but the decline has been particularly steep among independent voters
Les mer »
Afghan interpreter who helped rescue Biden in 2008 gets out of AfghanistanAn Afghan interpreter who helped rescue then-Sen. Joe Biden after his helicopter was forced to land in a snowstorm 13 years ago has left Afghanistan, sources familiar tell CNN.
Les mer »