Search results
Results from the WOW.Com Content Network
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 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 ...
The United States debt ceiling is a legislative limit that determines how much debt the Treasury Department may incur. [23] It was introduced in 1917, when Congress voted to give Treasury the right to issue bonds for financing America participating in World War I, [24] rather than issuing them for individual projects, as had been the case in the past.
For about 48 hours last week, it looked like a debt ceiling fight in 2025 would be averted, as ideas were floated to postpone the issue until 2027 or 2029 (or even forever). But it was not to be.
Veering away from a default crisis, the House approved a debt ceiling and budget cuts package late Wednesday, as President Joe Biden and Speaker Kevin McCarthy assembled a bipartisan coalition of ...
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.
Yellen’s warning will assuredly kickstart contentious negotiations on how to handle the debt ceiling days before the new Congress convenes on Jan. 3. ... in a 314-117 vote, with 71 Republicans ...