Tag: House approves measure
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House approves measure to increase $31 trillion debt ceiling in exchange for reducing government expenditures
Following days of arguing by Speaker Kevin McCarthy and late-night negotiations, House Republicans have backed a measure that could increase the $31 trillion debt ceiling in return for reductions in government expenditures. The bill, which will raise the debt ceiling by $1.5 trillion in return for preserving $4.5 trillion by limiting expenditure at the financial year…