House Approves Debt Ceiling Increase


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House Approves Debt Ceiling Increase

The House voted 219 to 206 on Tuesday to raise the federal borrowing limit by $480 billion, which the Treasury Department has estimated is enough to last until at least Dec. 3.

“The failure to lift the debt limit could result in the loss of up to six million jobs, the elimination of $15 trillion in household wealth and drastic increase in the cost of loans, car loans, mortgages, student loans, credit card bills and other borrowing.” “The Democrats have already pushed through $2 trillion of reckless, wasteful spending at the expense of working- class Americans. And now they’re wanting to push through another $4.3 trillion reckless spending bill that will reward their political friends, their wealthy donors and their allies at the expense of working-class Americans.” “Yeas are 219, the nays are 206, the resolution is adopted. Without objection, the motion to reconsider is laid on the table.”

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2021-10-13 02:03:44

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