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The U.S. Senate passes a bill to speed up the procedures for raising the debt ceiling

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The U.S. Senate passed a bill to speed up the procedures for raising the debt ceiling

2021-12-10 10:13

Source: Securities Times

Author: Song Tenghu

Securities Times

Song Tenghu

2021-12-10 10:13

According to CCTV News, on December 9, local time, the U.S. Senate passed an agreement bill with 59 votes in favor and 35 votes against it, allowing the Senate to raise the U.S. debt ceiling with a simple majority. . According to the terms of the bill, the Democratic Party will be granted a one-time rapid approval power to increase the US debt ceiling more quickly, and the increased amount may be sufficient to pay for borrowings up to 2022. The bill was passed by a vote in the House of Representatives earlier this week and is now transferred to the office of the President for signature and approval.

Statement: The Securities Times strives to be truthful and accurate. The content mentioned in the article is for reference only and does not constitute substantive investment advice. The operation is at your own risk accordingly.

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