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Measure to increase U.S. debt limit could hit House floor soon
Source: Reuters
Politics | Wed Oct 14, 2015 4:00pm EDT
Measure to increase U.S. debt limit could hit House floor soon
WASHINGTON
The U.S. House of Representatives could attempt to pass legislation this month raising the amount the federal government is allowed to borrow, before Speaker John Boehner retires, an aide to Boehner said on Wednesday.
"The speaker has made it clear that he wants to solve some outstanding issues before he leaves. No decisions have been made, but a resolution on the debt ceiling is certainly possible," said the aide, who asked not to be identified.
Boehner announced in September that he planned to retire from Congress on Oct. 30. But he could stay on longer as House Republicans are deeply divided over who to nominate as his replacement.
The Treasury Department has told Congress the government will need to increase its statutory borrowing limit by Nov. 5 or risk defaulting on some debt.
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Measure to increase U.S. debt limit could hit House floor soon
WASHINGTON
The U.S. House of Representatives could attempt to pass legislation this month raising the amount the federal government is allowed to borrow, before Speaker John Boehner retires, an aide to Boehner said on Wednesday.
"The speaker has made it clear that he wants to solve some outstanding issues before he leaves. No decisions have been made, but a resolution on the debt ceiling is certainly possible," said the aide, who asked not to be identified.
Boehner announced in September that he planned to retire from Congress on Oct. 30. But he could stay on longer as House Republicans are deeply divided over who to nominate as his replacement.
The Treasury Department has told Congress the government will need to increase its statutory borrowing limit by Nov. 5 or risk defaulting on some debt.
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Read more: http://www.reuters.com/article/2015/10/14/us-usa-debt-congress-idUSKCN0S82G920151014