08-10-2021, 08:09 PM
https://www.channelnewsasia.com/world/us...lt-2229856
The US$480 billion increase, which would lift the debt limit to US$28.9 trillion, is expected to be exhausted by Dec 3, the same day that funding for most federal programs expires under a stop-gap measure passed earlier this month following another partisan standoff.
That means that over the next eight weeks, the bitterly divided Congress will have the twin challenges of finding a middle ground on agency spending through September 2022 - ranging from education and foreign aid programs to immigration enforcement and airport security - and avoiding yet another debt limit meltdown.
Can continue to print money liao!
The US$480 billion increase, which would lift the debt limit to US$28.9 trillion, is expected to be exhausted by Dec 3, the same day that funding for most federal programs expires under a stop-gap measure passed earlier this month following another partisan standoff.
That means that over the next eight weeks, the bitterly divided Congress will have the twin challenges of finding a middle ground on agency spending through September 2022 - ranging from education and foreign aid programs to immigration enforcement and airport security - and avoiding yet another debt limit meltdown.
Can continue to print money liao!