Lawmakers to vote on measure that would raise debt ceiling by $2.5 trillion

12/14/21
 
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from The Washington Post,
12/14/21:

House Democrats on Wednesday approved a measure to raise the debt ceiling by $2.5 trillion, which would stave off a potential default and defer the high-stakes fiscal fight until after the 2022 midterm election.

The early-morning vote in the House came less than a week after lawmakers struck an unusual bipartisan deal that allowed Democrats to adopt the increase, and Republicans to oppose it, without putting the country at risk of missing a critical Dec. 15 deadline. The Senate adopted the proposal Tuesday. The bill now will go to President Biden for his signature.

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