• Congressional leaders reach deal to hike debt limit

    1 month ago - By Boston Herald

    By KEVIN FREKING and LISA MASCARO
    WASHINGTON - Congressional leaders reached an elaborate deal Tuesday that will allow Democrats to lift the nation's debt limit without any votes from Republicans, likely averting another last-minute rush to avoid a federal default. Hours later, the House passed legislation overwhelmingly along party lines that kicked off a multi-step process.
    Congress approved a $480 billion increase in the nation's debt limit in October. That's enough for the Treasury to finance the government's operations through Dec. 15, according to Treasury Secretary Janet Yellen's...
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