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Budget Update: House Passes Bill that Combines Short Term Funding with Lifting Debt Limit

September 22, 2021

Congress continues to inch closer to a number of key deadlines in the coming weeks. Most importantly, government funding expires on September 30 and the federal debt limit will be reached sometime in October. If Congress fails to pass appropriations and lift the debt limit, the government will shut down and the Treasury will be unable to meet its financial obligations. 

On September 21, the House of Representatives passed a bill combining short-term

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