Steny Hoyer

Rep. Hoyer: House may vote to remove debt limit threat this month

Despite the debt limit being extended, Democrats are looking to hold a potential vote to prevent a long term debt limit threat.

The light in the cupola of the Capitol Dome is illuminated, indicating that work continues in Congress, in Washington, Wednesday, Oct. 6, 2021. Senate Republican leader Mitch McConnell has given Democrats a new offer to extend the federal debt ceiling through an emergency short-term extension. (AP Photo/J. Scott Applewhite)

OAN Newsroom

Biden signs bill to raise debt ceiling

Joe Biden approved legislation raising the debt ceiling until early December. He signed the measure Thursday ahead of an October 18 deadline to avoid defaulting on the debt limit.