Business

Democrats to include suspension of U.S. debt limit in funding bill

FILE PHOTO: An American flag flies outside of the U.S. Capitol dome in Washington, U.S., January 15, 2020. REUTERS/Tom Brenner/File Photo

WASHINGTON (Reuters) – U.S. House of Representatives Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer said on Monday that Democrats will include a suspension of the debt limit to 2022 in legislation to fund the federal government.

“The legislation to avoid a government shutdown will also include a suspension of the debt limit through December 2022 to once again meet our obligations and protect the full faith and credit of the United States,” they said in a statement.

Source: Read Full Article