(Worthy News) – House Democrats on Wednesday narrowly passed a stand-alone bill to suspend the debt ceiling, likely averting a government shutdown Thursday but leaving open the possibility that the U.S. could default on its debts next month.
In a 219-212 party-line vote, House Speaker Nancy Pelosi secured passage of a bill to suspend the cap on how much the government can borrow to pay for federal expenditures, such as bureaucratic salaries and Social Security, until December 2022.
Senate Republicans, led by Minority Leader Mitch McConnell of Kentucky, are refusing to vote to raise the debt ceiling. [ Source: Washington Times (Read More…) ]
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(Worthy News) – House Democrats on Wednesday narrowly passed a stand-alone bill to suspend the debt ceiling, likely averting a government shutdown Thursday but leaving open the possibility that the U.S. could default on its debts next month. 