House returns to stave off default with debt-limit vote

[PoliticAverse]

Source: Associated Press

WASHINGTON (AP) — Members of the House are scrambling back to Washington Tuesday to approve a short-term lift of the nation’s debt limit and ensure the federal government can continue fully paying its bills into December.

The $480 billion increase in the country’s borrowing ceiling cleared the Senate last week on a party-line vote. The House is expected to approve it swiftly so President Joe Biden can sign it into law this week. Treasury Secretary Janet Yellen had warned that steps to stave off a default on the country’s debts would be exhausted by Monday, and from that point, the department would soon be unable to fully meet the government’s financial obligations.

Read more: https://apnews.com/article/joe-biden-business-congress-bills-financial-markets-9abe4ef546f62521bcfe7dc3c9517eaf

[yaesu]

1. didn't I hear last week that this was a repuke trick to pin an amount on it so they can use it

for negative ads in ''22? They will blame us for such and such more debt.

[PoliticAverse]

2. They kicked the can down the road 2 months. And yes, it's about the ability to "blame". n/t