- Legislation raises government’s borrowing limit to $28.9tn
- Hard-fought House vote passes entirely along party lines
The US House of Representatives gave final approval on Tuesday to a Senate-passed bill temporarily raising the government’s borrowing limit to $28.9tn, putting off the risk of default at least until early December.
Democrats, who narrowly control the House, maintained party discipline to pass the hard-fought, $480bn debt limit increase. The vote was along party lines, with every yes from Democrats and every no from Republicans.
Continue reading…
