House Passes Budget, Debt-limit Deal

By Robert SchroederMarketWatch Pulse

The House of Representatives on Wednesday passed a two-year budget deal that also suspends the federal debt limit. The bill, which now goes to the Senate, would suspend the debt limit through mid-March 2017 and raise spending by $80 billion through September 2017. The measure would take the threat of a government shutdown in December off the table, as well as remove the risk of a default. The House vote was 266 to 167.

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