House passes bill to raise US debt ceiling through early December

* Legislation raises government’s borrowing limit to $28.9tn * Hard-fought House vote passes entirely along party lines The US House of Representatives gave final approval on Tuesday to a Senate-passed bill temporarily raising the government’s borrowing limit to $28.9tn, putting off the risk of default at least until early December. Democrats, who narrowly control the House, maintained party discipline to pass the hard-fought, $480bn debt limit increase. The vote was along party lines, with every yes from Democrats and every no from Republicans. Continue reading...
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