Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what’s new and why it matters in just 5 minutes.

Catch up on the day’s biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Get the inside stories

Get an insider’s guide to the new White House with Axios Sneak Peek. Sign up for free.

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Photo: Tom Williams/CQ-Roll Call via Getty Images

The House of Representatives followed the Senate on Tuesday, voting 219-206 along party lines to raise the federal debt ceiling and officially avert a potential default.

Why it matters: While Congress has pushed off the debt limit issue for now, the fight over a final resolution will be even uglier come December — when lawmakers need to address the problem once again.

  • The $480 billion increase will allow the government to avoid a default at least until Dec. 3.
  • By then, the two parties will likely be in the same spot they were just a week ago: Republicans obstructing Democrats’ efforts to lift the ceiling, and Democrats insisting they won’t extend it unilaterally via the budget reconciliation process.
  • Meanwhile, Congress will also face a series of other deadlines in December — including funding the government, annual defense spending, President Biden’s infrastructure package and Democrats’ roughly $2 trillion social spending package, among other legislative priorities.

Details: The House flew back for a day from recess to deal with the debt limit issue. More than 150 members voted by proxy to avoid the trip.

  • Some Republicans, who have consistently stated their opposition to helping Democrats deal with the debt ceiling, were frustrated by Tuesday’s legislative business, given the House didn’t even vote directly on the Senate-passed debt limit extension.
  • Instead, the bill was “deemed” passed after lawmakers voted on a rule governing debate for three other bills that incorporated the debt ceiling increase.

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *