House sends debt-ceiling hike to Biden, avoiding default — for now
WASHINGTON — Members of the House on Tuesday pushed through a short-term increase to the nation’s debt limit, ensuring the federal government can continue fully paying its bills into December and temporarily averting an unprecedented default that would have decimated the economy.
“I’m glad that this at least allows us to prevent a totally self-made and utterly preventable economic catastrophe as we work on a longer-term plan,” said Rep. Jim McGovern, D-Mass. The present standoff over the debt ceiling eased when Senate Republican leader Mitch McConnell, R-Ky., agreed to help pass the short-term increase. But he insists he won’t do so again.
Pelosi offered her hope that Congress would lift the debt ceiling in a bipartisan way this December because of the stakes involved. But she also floated a bill sponsored by Rep. Brendan Boyle, D-Pa., that would transfer the duty of raising the debt limit away from Congress and vest it with the Treasury secretary, saying, “I think it has merit.”
The debate over the debt ceiling has at times gotten personal. McConnell last week suggested that Democrats were playing “Russian roulette” with the economy because they had not dealt with the debt ceiling through the process he had insisted upon. He called out Pelosi for traveling to Europe last week.
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