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Raise the Debt Ceiling? Not when a Democrat is President

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RTH10260
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Raise the Debt Ceiling? Not when a Democrat is President

#176

Post by RTH10260 »

W. Kevin Vicklund wrote: Wed May 31, 2023 11:50 pm It passed the House:
:snippity:

The bill would defer the federal debt limit for two years — allowing the government to borrow unlimited sums as necessary to pay its obligations — while imposing two years of spending caps and a string of policy changes that Republicans demanded in exchange for allowing the country to avoid a disastrous default. The 314-to-117 vote came days before the nation was set to exhaust its borrowing limit, and days after a marathon set of talks between White House negotiators and top House Republicans yielded a breakthrough agreement.

:snippity:
https://www.nytimes.com/2023/05/31/us/p ... -vote.html

"Speaker of the House..."
That wording seems to be very generous even when the house may have some influence on line items according to the deal.
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Volkonski
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Raise the Debt Ceiling? Not when a Democrat is President

#177

Post by Volkonski »

Senate passes debt limit bill

https://www.cnn.com/politics/live-news/ ... index.html
The US Senate has passed the debt limit bill, averting a US default. The final vote tally was 63 to 36.

The bill can now go to President Joe Biden to be signed into law. The measure would suspend the nation’s debt limit through January 1, 2025, to avert a first-ever US default.
“If everyone fought for their own convictions there would be no war.” ― Leo Tolstoy, War and Peace
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