KITV 4 Island News: U.S. House expected to vote on debt ceiling hike Tuesday
The $480 billion increase allows the U.S. to pay its bills through December 3.
WASHINGTON - The U.S. House is expected to vote to raise the nation’s debt ceiling Tuesday evening.
The $480 billion increase allows the U.S. to pay its bills through December 3. The debt ceiling determines how much money Congress and the U.S. Treasury can borrow. The current borrowing limit is set to expire next week, according to Treasury Secretary Janet Yellen.
The usually bipartisan issue has hit a roadblock in recent weeks as President Joe Biden and Democrats consider trillions of dollars in new spending.
House Republicans have opposed raising that ceiling this time.
“If the debt limit is something that Republicans have a hard time over, even though Democrats voted with Republicans just a few years ago… then that’s up to them if they don’t want to join us to keep the country open," said U.S. Rep. Kai Kahele (D-Hawaii).
The Senate passed the bill last week.