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The debt ceiling compromise bill sailed to passage in the House on Wednesday evening. The House voted 314-117 after just over an hour of debate on the legislation. The bill required a simple ...
Bill passed after senators rejected 11 proposed amendments
The debt ceiling is routinely raised to accommodate repayment of the country’s debt. The last time it was raised was in 2021. The debt ceiling was suspended last June.
The Senate on Thursday night passed a bill to raise the debt ceiling. The measure was approved in a bipartisan 63-36 vote after passing the House by a wide and bipartisan margin Wednesday night.
The new ceiling is the amount of outstanding debt subject to the limit at the end of the previous day. That figure stood at just over $36.1 trillion on December 31, up from $31.4 trillion in June ...
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Here's a primer on the debt ceiling and examples of the possible consequences if the United States is unable to pay its debts. MORE: From Social Security to travel: Everything to know about a ...
The frustration continued Thursday with with the House of Representatives holding it's last scheduled vote of the week and House Democratic Leader Hakeem Jeffries (D-NY) saying on the House floor ...