BREAKING: U.S. House votes 219-206 to extend the debt limit through early December; legislation moves to President Biden, who is expected to sign the bill.
WASHINGTON — The House voted Tuesday to pass a short-term increase in the debt ceiling to enable the Treasury to continue borrowing money to pay the bills for two months, setting up another round of fighting about the limit.
It would also set up another battle in December when the new deadline lapses. Senate Minority Leader Mitch McConnell, R-Ky., struggled to get Republican votes to approve the short-term deal afterFriday telling Biden that he"will not be a party to any future effort" to resolve the debt ceiling problem, insisting that Democrats use the more circuitous budget process, which Senate Majority Leader Chuck Schumer and numerous other Democratic senators have ruled out.
Former President Donald Trump, the de facto leader of the party, who appears to be building a campaign for the White House again, also piled on, dubbing him"folding Mitch McConnell" for agreeing to a debt limit increase without concessions. House Speaker Nancy Pelosi told reporters Tuesday there would be devastating economic consequences if the borrowing limit were to be breached.
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