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House Clears Short-Term Debt-Ceiling Increase, Sending It to Biden

  • Measure averts crisis, lets government borrow through Dec. 3
  • President expected to quickly sign the temporary debt solution
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Democrats Seek Way Forward as House Clears Debt-Cap Increase
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The House Tuesday approved a short-term increase in the government’s debt limit, sending the legislation to President Joe Biden just days before the U.S. Treasury was at risk of running out of borrowing authority.

The - 219-206 vote staves off the threat of an immediate financial calamity, but sets the stage for another partisan confrontation on debt and spending in less than two months.