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Oct 4, 2021 · Biden said, "Raising the debt limit is usually a bipartisan undertaking." Democrats did help pass bipartisan legislation to raise the debt ceiling three times during the Trump administration ...
- What You Need to Know
In the House, Democrats passed a bill to suspend the debt...
- What You Need to Know
Sep 24, 2021 · Democratic leaders have attached the debt ceiling increase to legislation that may hold some appeal to Republicans (and some fiscally conservative Democrats): a bill that funds the government ...
- Ron Elving
Jun 2, 2023 · Senate Majority Leader Chuck Schumer touted Democrats’ role in the debt ceiling agreement after the Senate passed the bill Thursday night. “Tonight’s vote is a good outcome because Democrats ...
They did not get all they wanted, but neither did Mr Biden's Democrats. The deal means a freeze on non-defence budgets for 2024, followed by a 1% rise the following year and no budget caps after 2025.
May 29, 2023 · The White House is touting it as a budget deal — not a ransom payment for a debt ceiling extension — and emphasizing the modesty of the spending cuts even though it faces a GOP-led House.
- Senior National Political Reporter
- 2 min
Sep 22, 2021 · Once that suspension lapsed, the new debt limit was set at $20.5 trillion to cover the amounts borrowed during the suspension. On Feb. 9, 2018, the Bipartisan Budget Act of 2018 suspended the debt ...
Jun 3, 2023 · Stocks rose Friday after the Senate passed the debt ceiling bill in a vote on Thursday evening. President Joe Biden is expected to act quickly to sign the bill into law to avoid a default on US ...
