House votes to raise debt ceiling

[mystery-ak]

House votes to raise debt ceiling
By Cristina Marcos - 10/12/21 07:29 PM EDT

The House on Tuesday cleared legislation to raise the debt limit into early December, ensuring that the nation doesn’t default on its debts next week but setting up another fiscal cliff at the end of the year.

Lawmakers voted to avert a default in a somewhat indirect fashion. The House adopted a procedural rule along party lines in a 219-206 vote.

The rule outlines floor debate parameters for unrelated bills with a provision automatically deeming the short-term debt limit extension that the Senate approved last week as passed.

The temporary measure for raising the debt limit will only offer lawmakers a brief reprieve from the partisan impasse once President Biden signs it into law.

Another stopgap measure to fund the government also expires on Dec. 3, meaning Democrats will yet again have to find a way to prevent potential fiscal calamity in the twin threats of a shutdown and a default.

more
https://thehill.com/homenews/house/576419-house-votes-to-raise-debt-ceiling

[sneakypete]

No big deal. They can always print more of it,right?

Maybe someone should point out to these cretins that devaluation of the dollar means ALL the money they have stolen via bribes and kickbacks over the decades is now worth much less than when their originally stole it?

If THAT doesn't wake them up,nothing will.

[Wingnut]

Do they go on Recess now?