Did The Debt Ceiling Get Passed 2024. That’s different than the bill passed by house republicans, which raised the limit by $1.5 trillion or through march 2024, whichever came first. The legislation, which was passed by the house on wednesday,.
Every so often, us congress must vote to raise or suspend the ceiling, so it can borrow more to pay its bills. Senate passes debt limit bill.
That’s Different Than The Bill Passed By House Republicans, Which Raised The Limit By $1.5 Trillion Or Through March 2024, Whichever Came First.
The final tally for the vote was 314 to 117.
The Legislation Would Raise The Debt Ceiling Into Next Year In Exchange For Freezing Spending At Last Year’s Levels For A Decade — A Nearly 14 Percent Cut — As Well.
The debt limit extension lasts past 2024, meaning congress would not need to address the deeply polarizing issue again until after the november 2024 presidential.
Print Updated June 1, 2023,.
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The Bill Suspends The Us Debt Ceiling For Two Years, Deferring The Decision To Raise It Until After.
The house passed the debt ceiling bill wednesday night just days ahead of the june 5 deadline to avoid a catastrophic u.s.