• House passes bill to avoid government shutdown, suspend debt limit — but it faces Senate roadblocks with deadlines near

    22 Sep 2021 | Economic News
  

House passes bill to avoid government shutdown, suspend debt limit — but it faces Senate roadblocks with deadlines near

 

The House passed a bill Tuesday that would both prevent a government shutdown and suspend the debt limit in a step toward preventing possible economic calamity.

 

The chamber approved the plan in a 220-211 vote. All Democrats voted for it and all Republicans opposed it.

 

Congress has to pass a funding plan by Sept. 30 to prevent a shutdown. Separately, the U.S. will exhaust all of its options to keep paying its bills sometime in October, Treasury Secretary Janet Yellen has told congressional leaders.

 

The House-passed plan would keep the government running through Dec. 3. It would also suspend the debt ceiling into Dec. 2022.

 

The bill would put $28.6 billion toward natural disaster relief and $6.3 billion toward resettlement of Afghan refugees.

 

Reference: CNBC

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