Economists have warned that the deal risks an additional short-term blow to an economy already vulnerable to a recession
The debt-limit deal struck by President Joe Biden and Speaker Kevin McCarthy is heading toward a vote today in the House of Representatives after clearing a crucial procedural hurdle with just days remaining to avoid a US default.
Legislation to suspend the US borrowing ceiling for a period and cap federal spending was advanced by the House Rules committee Tuesday night on a 7-6 margin, sending it to a vote on final passage by the ...
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