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Congress punts debt limit crisis into December

Por: Politico Politics October 13, 2021

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The House approved a bill on Tuesday to briefly alleviate the squeeze of the debt limit, warding off an economically destructive default for just over seven weeks. President Joe Biden is expected to sign the legislation in short order, allowing the Treasury Department to keep paying loans for the nation’s more than $28 trillion in debt. The extra borrowing power is estimated to last until about Dec. 3, the same day government funding will... + full article



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