P.M. BRIEFING : House Panel OKs Debt Increase
<i> From Times wire services</i>
WASHINGTON —
The House Ways and Means Committee approved and sent to the full House today a temporary $70-billion increase in the nation’s debt ceiling--enough to allow the government to keep operating until Oct. 31.
The increase, at the request of the Treasury Department, would hike the debt ceiling from its current $2.8 trillion to $2.87 trillion.
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