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The House and Senate this week have to race to pass a debt ceiling bill to avoid a default after President Biden and Speaker Kevin McCarthy (R-Calif.) struck an agreement in principle over ...
Republicans have shot back that a so-called “clean” increase is off the table; they passed a plan in April that repealed large swaths of Biden’s accomplishments in exchange for an increase.
Bill passed after senators rejected 11 proposed amendments
Republicans, however, will control both chambers of Congress beginning on Jan. 3 and at least some of the party’s lawmakers would have to go along with a debt limit increase or elimination in ...
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Yellen said once the debt limit is increased, these funds will be made whole. Yellen reiterated that while she anticipates measures taken to head of a default will last until early June, it’s ...