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House passes debt limit bill in bipartisan vote to avert default

Por: The Boston Globe Business June 01, 2023

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WASHINGTON — The House on Wednesday overwhelmingly passed legislation negotiated by President Joe Biden and Speaker Kevin McCarthy to suspend the debt ceiling and set federal spending limits, as a broad bipartisan coalition lined up to cast a critical vote to pull the nation back from the brink of economic catastrophe.The bill would defer the federal debt limit for two years — allowing the government to borrow unlimited sums as necessary to... + full article



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