US Democrats unveil plans to suspend debt limit

Published by
AFP

Washington (AFP) – Democratic congressional leaders on Monday unveiled plans to suspend the nation’s borrowing limit, following a White House warning of “economic catastrophe” unless that ceiling is raised.  The legislation also would fund the government through the end of the year after the current budget lapses on September 30. But the fate of the plan is unclear since Republicans have vowed to withhold support for raising the debt ceiling, which is needed to fund spending already approved by lawmakers, including the massive rescue packages rolled out during the Covid-19 pandemic. “The Ameri…

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