House Sends Debt Limit Hike to Biden, Staving off Default

Members of the House pushed through a short-term increase to the nation's debt limit, ensuring the federal government can continue fully paying its bills into December.

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Rep. Michelle Fischbach, R-Minn, looks at the final version of the bill to increase the debt limit as the House Rules Committee meets at the Capitol in Washington, Tuesday, Oct. 12, 2021. The vote in the House will ensure the federal government can continue fully paying its bills into December. (AP Photo/J. Scott Applewhite)
Image via AP Photo/J. Scott Applewhite

This article was republished here with permission from The Associated Press, however it is no longer available to read on Snopes.com.

WASHINGTON (AP) — Members of the House on Tuesday pushed through a short-term increase to the nation’s debt limit, ensuring the federal government can continue fully paying its bills into December and temporarily averting an unprecedented default that would have decimated the economy. The $480 billion increase in the country’s borrowing ceiling cleared the Senate last week on a party-line vote. The House approved it swiftly so President Joe Biden can sign it into law…

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