House Democrats narrowly pass legislation to suspend debt ceiling
Wednesday, September 29, 2021 | Tag Cloud Tags: debt, Democrat, Mitch McConnell, News, Republican, Security, Senate, Washington, Worthy News | Learn about out FREE SYNDICATION
(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…) ]
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.
Tag Cloud Tags: debt, Democrat, Mitch McConnell, News, Republican, Security, Senate, Washington, Worthy News