The Democratic-controlled House passed a bill that would suspend the U.S. debt ceiling into December 2022 and provide the government funding to operate past Sept. 30. Republicans have vowed to block it when it reaches the Senate over the debt limit provision.
The measure was approved Tuesday night on a 220 to 211 party-line vote.
The debt ceiling suspension -- to Dec. 16, 2022 -- is urgently needed because the Treasury Department has warned it could run out of accounting measures to stave off a payment default sometime in October. The debt limit came back into effect in August after ...
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