Kevin Freking

Government

House Sends Debt Limit Hike to Biden, Staving Off Default

Rep. Michelle Fischbach (R-Minn.) looks over the final version of the bill to increase the debt limit Rep. Michelle Fischbach (R-Minn.) looks over the final version of the bill to increase the debt limit. (J. Scott Applewhite/Associated Press)

WASHINGTON — Members of the House on Oct. 12 pushed through a short-term increase to the nation’s debt limit, ensuring the federal government can continue fully paying its bills into December and temporarily averting an unprecedented default that would have decimated the economy.

Kevin Freking | Associated Press
October 12, 2021
Government, Business

Senate Extends PPP Deadline by Two Months

Senate Majority Leader Chuck Schumer of New York holds a news conference. Senate Majority Leader Chuck Schumer of New York holds a news conference March 25. (Jonathan Ernst/Pool via AP)

WASHINGTON — The Senate on March 25 passed a bill to extend the deadline for business owners to apply for forgivable loans through the Paycheck Protection Program, giving applicants two more months to apply for federal aid. The vote was 92-7.

Kevin Freking | Associated Press
March 25, 2021