May 20, 2022

House votes to lift debt ceiling until December

House members voted in favor of a $480 billion increase to the debt ceiling Tuesday night to avoid a default and extend the discussion until December regarding future solutions.

The vote passed 219-206 to support the measure passed by the Senate. President Joe Biden is expected to sign the bill.

Treasury Secretary Janet Yellen had warned the government would run out of money on Oct. 18 if an agreement was not passed.

Many Republicans had announced they would oppose the debt ceiling, as it would support the Biden administration’s reckless spending. In the Senate, Minority Leader Mitch McConnell agreed along with 10 GOP Senators to invoke cloture to allow Senate Democrats to pass the temporary measure without Republican support in a simple majority vote.

Also related to the debt ceiling issue are Biden’s $3.5 trillion spending plan and $1.2 trillion infrastructure plan. Both plans have stalled as Republicans continue to oppose the increased spending.

In addition, both West Virginia Democratic Sen. Joe Manchin and Arizona Democratic Sen. Kyrsten Sinema have opposed the $3.5 trillion spending bill.

Between now and Dec. 3 when the temporary debt ceiling measure expires, both parties will remain busy seeking ways to extend the government’s funding while arguing for the position of their party.

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