Bill to ease way for debt limit increase headed to U.S. House passage


Reuters | Washington DC | Updated: 08-12-2021 08:02 IST | Created: 08-12-2021 08:02 IST
Bill to ease way for debt limit increase headed to U.S. House passage
  • Country:
  • United States

A majority of the U.S. House of Representatives on Tuesday voted to pass legislation paving the way for raising the federal government's $28.9 trillion debt limit and avoiding a potentially catastrophic default in coming weeks.

The measure is the first of two bills Congress is weighing in an unusual procedure necessitated by Republicans' stated refusal to support a debt ceiling increase.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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