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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHouse clears stopgap measure to avert shutdown and suspend debt ceiling
Washington The House on Tuesday passed a short-term government funding bill that includes a provision to suspend the debt limit and directs billions of dollars to efforts to relocate Afghan refugees and for disaster relief following recent hurricanes and wildfires.
The measure, the text of which was released earlier Tuesday, cleared the House in a party-line vote of 220 to 211. It now heads to the Senate, where Republicans have vowed to oppose the package.
The 93-page bill, known as a continuing resolution, maintains current federal funding levels through December 3 and includes a suspension of the debt limit through December 16, 2022. If passed by the House and Senate, lawmakers would avoid two fiscal crises they are facing in the coming weeks: a partial government shutdown and defaulting on the nation's debts, which Biden administration officials have warned would have catastrophic economic consequences.
But approval by the upper chamber appears to face long odds, as GOP senators have said any action to hike or suspend the debt limit must be taken by Democrats alone, especially as they prepare to usher through Congress a massive $3.5 trillion social spending package that is a cornerstone of President Biden's economic agenda.
https://www.msn.com/en-us/news/politics/house-clears-stopgap-measure-to-avert-shutdown-and-suspend-debt-ceiling/ar-AAOFDBg
Johnny2X2X
(19,038 posts)Simple as that. All the rest is just posturing.
Lovie777
(12,232 posts)10 plus to them. At least they care.
Turbineguy
(37,318 posts)to shut down and default.
secondwind
(16,903 posts)ignored, forgotten, whatever............... It's ALL on his shoulders...
I_UndergroundPanther
(12,463 posts)Get rid of the debt ceiling all together.
Its a pointless arcane bullshit rule from ww1.
Toss it out.
Put that into the reconcilliation bill.