Oct 13, 2021

DEBT CEILING FOLO


DEBT CEILING FOLO 

WITH LESS THAN A WEEK TO GO BEFORE THE COUNTRY RUNS OUT OF MONEY, CONGRESS HAS FINALLY COME TO AN AGREEMENT TO INCREASE THE DEBT CEILING. 
THE HOUSE VOTED TO INCREASE THE FEDERAL DEBT LIMIT BY $480 BILLION UNTIL DECEMBER 3. THE SENATE PASSED THE MEASURE LAST WEEK. THIS IS NOT A LONG-TERM SOLUTION BUT GIVES LAWMAKERS MORE TIME TO COME UP WITH A TRUE FIX TO THE PROBLEM. THE MEASURE NOW HEADS TO PRESIDENT BIDEN'S DESK - AND THE WHITE HOUSE SAYS HE WILL SIGN IT


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