Debt limit hike headed to passage in U.S. House By Reuters
[ad_1]

© Reuters. U.S. House Speaker Nancy Pelosi (D-CA) walks from the House floor to her office at the U.S. Capitol in Washington, U.S., October 12, 2021. REUTERS/James Lawler Duggan
WASHINGTON (Reuters) – A majority of the U.S. House of Representatives on Tuesday voted to pass legislation raising the Treasury Department’s borrowing limit to $28.9 trillion, averting a debt default that otherwise could have occurred around Oct. 18.
President Joe Biden is expected to promptly sign the bill into law. The new level of borrowing authority is expected to be exhausted around Dec. 3, requiring Congress to act again before then.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
[ad_2]
Source link