December 8, 2021
D.C. News
  • The House passed legislation to raise the country’s borrowing liming and delay scheduled Medicare cuts. The bill delays across-the-board reductions to provider Medicare reimbursements until March 31, 2022, after which 1 percent reductions would kick in. The Senate is expected to vote on the measure this week. If advanced with 60 votes in the Senate, the legislation would create a temporary fast-track process to allow Senate Democrats to act on their own to increase the debt limit with 51 votes. The legislation outlines that Congress would have to specify the exact dollar amount of a new national debt limit — likely north of $30 trillion. The fast-track process would expire after January 15. (Articles here, here, here, here, here, here, here, and here)