Congress Lacks Clear Plan to Raise Debt Limit Ahead of Deadline
- Two-year federal debt ceiling suspension is coming to an end
- Republicans aiming to use debate to attack deficit spending
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With a month to go before a suspension of the federal debt ceiling runs out, the U.S. Congress lacks a clear plan to raise it, even as the majority Democrats express confidence that a payments default will be avoided.
“We’re considering all the options,” House Speaker Nancy Pelosi said in a brief interview Thursday when asked about her legislative strategy.