House Set to Temporarily Raise Debt Limit

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Lawmakers return to Washington early to vote on legislation raising the U.S. borrowing limit into December following the Treasury’s request that the House act on the measure

a debt-ceiling increase that cleared the Senate

last week. The hasty return followed a warning from Treasury Secretary Janet Yellen to House Democratic leaders that if the chamber failed to act this week, the U.S. would be unable to pay its bills. The White House has said that President Biden will sign the measure into law.

 

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