Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
 

Klaralven

(7,510 posts)
Tue Oct 12, 2021, 10:55 PM Oct 2021

House votes to raise debt ceiling

The House on Tuesday cleared legislation to raise the debt limit into early December, ensuring that the nation doesn’t default on its debts next week but setting up another fiscal cliff at the end of the year.

Lawmakers voted to avert a default in a somewhat indirect fashion. The House adopted a procedural rule along party lines in a 219-206 vote.

The rule outlines floor debate parameters for unrelated bills with a provision automatically deeming the short-term debt limit extension that the Senate approved last week as passed.

The temporary measure for raising the debt limit will only offer lawmakers a brief reprieve from the partisan impasse once President Biden signs it into law.

Another stopgap measure to fund the government also expires on Dec. 3, meaning Democrats will yet again have to find a way to prevent potential fiscal calamity in the twin threats of a shutdown and a default.

https://thehill.com/homenews/house/576419-house-votes-to-raise-debt-ceiling

1 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
House votes to raise debt ceiling (Original Post) Klaralven Oct 2021 OP
McConnell was saying playing Russian Roulette with the economy. Russian Roulette from Moscow Mitch LetMyPeopleVote Oct 2021 #1

LetMyPeopleVote

(145,595 posts)
1. McConnell was saying playing Russian Roulette with the economy. Russian Roulette from Moscow Mitch
Wed Oct 13, 2021, 11:11 AM
Oct 2021

Debate on the college level is boring in many respects and one of the less fun jobs was reading the congressional record. One of the debaters on the squad was very good at this and could go through a volume of the CR in a third of the time it took me.

This amuses me



Latest Discussions»General Discussion»House votes to raise debt...