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Congressional Update: Debt Limit Crisis and Reconciliation Plans. Both the U.S. Senate and U.S. House of Representatives were officially out this week, but the U.S. Congress still made some news. The House on October 12, 2021, passed a $480 billion increase in the debt limit to narrowly avoid a first-ever default on the nation’s debts. The Senate approved the increase on a party-line vote last week. As the Buzz previously mentioned, the fix is… Continue Reading Beltway Buzz, October 15, 2021