JUST IN: House Passes Bill To Raise Debt Limit By $480 Billion (Forbes Breaking News)

The U.S. House passed a bill Tuesday to prevent a historic U.S. debt default this month by raising the federal debt limit through early December, but experts warn the temporary measure—a byproduct of failed negotiations for a long-term solution—only delays decisions that may hamper markets, particularly if Democrats are forced to scale back the terms of President Joe Biden’s massive policy agenda.

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JUST IN: House Passes Bill To Raise Debt Limit By $480 Billion