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You are here News Congress House passes bill to raise US debt ceiling through early December

House passes bill to raise US debt ceiling through early December

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House passes debt ceilling billThe US House of Representatives gave final approval on Tuesday to a Senate-passed bill temporarily raising the government’s borrowing limit to $28.9tn, putting off the risk of default at least until early December.

Democrats, who narrowly control the House, maintained party discipline to pass the hard-fought, $480bn debt limit increase. The vote was along party lines, with every yes from Democrats and every no from Republicans.

Joe Biden is expected to sign the measure into law this week, before 18 October, when the treasury department has estimated it would no longer be able to pay the nation’s debts without congressional action.

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