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Bookmark or Share- What the debt ceiling is and why it's being debated | AP NewsThe debt limit vote in recent times has been used as a political leverage point, a must-pass bill that can be loaded up with other priorities. What is the debt ceiling fight all about? Trump has tied a demand for dealing with the debt ceiling to the dispute over government funding, saying one should not be addressed without the other.
- What is the debt ceiling and what happens if the US defaults?Congress set the most recent $31.4 trillion debt limit back in December 2021, when Democratic majorities in both the House and the Senate voted to raise the debt limit by $2.5 trillion. That vote ...
- Just days to spare, Senate gives final approval to debt ...Fending off a U.S. default, the Senate has given final approval to a debt ceiling and budget cuts package. It's now on its way to President Joe Biden’s desk to become law before a fast-approaching deadline. The Senate ground through late-night voting Thursday to wrap up work on the hard-fought deal.
- Senate passes debt ceiling deal | CNN PoliticsIn a vote on Thursday evening, the Senate approved a measure to suspend the nation’s debt limit through January 1, 2025. President Joe Biden is expected to swiftly sign the bill into law to...
- Debt ceiling live updates: Congress approves deal, averting a ...US senators have proposed 11 amendments to the debt ceiling bill that the Senate must go through before they can vote on the final debt deal. These amendments are expected to fail.
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