SUMMARY: The House passes legislation to increase the debt limit, which is expected to last until 2023. The bill now heads to the President.

Late last night, the House, by a vote of 220 to 212, passed legislation, S.J. Res. 33, to increase the debt limit following the Senate’s action yesterday. The bill would extend the government’s borrowing ability into 2023. President Biden is expected to sign it.

I am pleased that congressional leaders were able to reach an agreement to address the debt limit and protect the full faith and credit of the United States. Failure to do so would have left the Treasury unable to continue paying the nation’s bills. With passage of this legislation and the Continuing Resolution earlier this month, Congress has avoided a fiscal cliff. Our attention now returns to the annual appropriations process and NTEU will continue to work with Congress to secure adequate funding for our agencies for the remainder of FY 2022.