Congress officially kicked the debt limit can down the road to December as the House passed a bill already cleared by the Senate to avoid a default
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.
“This is our debt. This is America’s debt,” said Hoyer . “Some of it relates to greater spending promoted by both sides of the aisle. But for any one of us to get up and say, ‘It’s your debt‘ — it’s America’s debt and America pays its bills.” As his panel met to prepare the bill for floor action on Tuesday, House Rules Chair Jim McGovern said, “I’m glad that this at least allows us to prevent a totally self-made and utterly preventable economic catastrophe as we work on a longer-term plan.”
There are hopes that linking the new debt cliff with the next shutdown threat could finally spur the kind of cross-party talks necessary for striking a final deal to fund both the military and non-defense programs for the fiscal year.
Rep. Michelle Fischbach said expediting the legislation amounts to “an insult to the members of this body, who are being denied the opportunity to fully consider the gravity of extending the debt limit.”
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