House Set to Temporarily Raise Debt Limit

Posted on AllSides October 12th, 2021
From The Center
US House, debt ceiling, budget reconciliation
PHOTO: STEFANI REYNOLDS/BLOOMBERG NEWS

The House was set to vote Tuesday for legislation raising the U.S. borrowing limit into December, temporarily staving off a default while lawmakers battle over setting a new ceiling for U.S. debt.

House Speaker Nancy Pelosi (D., Calif) called the House back from a week away from Washington to pass a debt-ceiling increase that cleared the Senate last week. The hasty return followed a warning from Treasury Secretary Janet Yellen to House Democratic leaders that if the chamber failed to act this week, the U.S. would be unable to pay its bills. The White...

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https://www.wsj.com/articles/house-set-to-temporarily-raise-debt-limit-11634036401

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