The House voted early Wednesday to raise the debt ceiling by $2.5 trillion until 2023, just in time for the deadline set by the Treasury Department, potentially avoiding an economic crisis. Lawmakers passed the bill, which increases the limit to close to $31 trillion, in a 221-209 vote with just one Republican, Rep. Adam Kinzinger (R-Ill.), voting yes. The…
Congress Clears Bill to Raise Debt Ceiling by $2.5 Trillion, in Time for Treasury Dept. Deadline
Senate Democrats Vote to Increase Debt Limit
December 14, 2021
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The Senate voted on Tuesday to raise the debt limit by $2.5 trillion until 2023 after months of political wrangling between Democrats and Republicans. Passed by a party-line vote of 50–49, the debt ceiling increase bill is expected to quickly come to President Joe Biden’s desk for his signature. Upset with Democrats’ “out-of-control spending spree,”…
NTD News Today Full Broadcast (December 8)
The Senate Republican leader cuts a deal with Democrats on a new plan to avoid a default, a judge grants a hearing to consider a restraining order on New York City’s vaccine mandate for city workers, and the White House is pushing Germany to suspend the Nord Stream 2 gas pipeline.
NTD News Today Full Broadcast (Dec. 8)
The Senate Republican leader cuts a deal with Democrats on a new plan to avoid a default, a judge grants a hearing to consider a restraining order on New York City’s vaccine mandate for city workers, and the White House is pushing Germany to suspend the Nord Stream 2 gas pipeline.
In US, Unrestricted Spending and Borrowing Continues Amid Debt Crisis
Commentary Can we talk about the U.S. debt crisis? We can’t? Dang. You may not even know they’re having one. After all, they just keep borrowing, spending, and taxing, while progressives say tax rates are, like, way too low. So perhaps you missed the stuff in your news feed about the debt ceiling. Or the…
Democrats Face Looming Deadlines to Avert Government Shutdown, Raise Debt Limit
Returning from their Thanksgiving break, Democrats in Congress have challenges ahead of them as the nation inches toward a Friday deadline to avert a government shutdown and a Dec. 15 deadline to raise the debt ceiling. The first hurdle for Democrats to vault in their first week back will be to avert a government shutdown, which…
Treasury Secretary Yellen Encourages Democrats to Increase the Debt Ceiling, Alone If Necessary to Avoid Default
Treasury Secretary Janet Yellen said Sunday that Democrats should be willing to approve raising the nation’s debt ceiling without Republican support if necessary, according to a new report. Yellen reportedly shared the new information during an interview with The Washington Post. The Treasury Secretary encouraged a bipartisan approach but encouraged Democrats to do whatever was…
Debt Limit Deal Will Fund Federal Government Through Dec. 3: Treasury Secretary
Treasury Secretary Janet Yellen on Oct. 18 said the signing of the debt limit increase into law last week will ensure the funding of the federal government through Dec. 3. In a letter (pdf) addressed to House Speaker Nancy Pelosi, Yellen said the debt-limit raise “provides only a temporary reprieve.” Yellen also urged Congress to…
Democrats Introduce Bills to Abolish, Reform Debt Ceiling
Frustrated over Republicans stonewalling their efforts to raise the debt ceiling, Democrats in the House have introduced two bills that would abolish the debt ceiling or significantly reform it by placing it largely out of Congress’ jurisdiction. The two bills were introduced by Rep. Brendan Boyle (D-Pa.) and contain two separate approaches to the debt…
House Votes to Extend Debt Limit Through December, Biden Expected to Sign Measure
The House of Representatives voted late Tuesday to extend the federal debt ceiling through early December, sending the bill to President Joe Biden’s desk, who is expected to sign it. The party-line vote of 219-206 approves an increase of $480 billion to the debt limit until Dec. 3, lifting it from $28.4 trillion to $28.9 trillion….
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