House Approves Debt Ceiling Extension
Last night the House of Representatives approved the extension of the nation’s debt limit through December. Last week the Senate passed the agreement to increase the ceiling by $480 billion which was how much the Treasury Department told Congress it would need to get to December 3rd after Senate Majority Leader Chuck Schumer announced that it reached a deal making it possible for lawmakers to vote on the deal.
The House voted yesterday to approve a rule governing floor debate on three separate measures. The maneuver means that lawmakers uncomfortable about taking a tough vote to increase the limit, did not have to vote for it directly. It will now head to President Biden’s desk for signature.