The House of Representatives approved a bill that will raise the debt ceiling for two years, forcing President Joe Biden to resume collecting student loan payments and interest starting after Aug. 30, after payments were on pause since March 13, 2020. The bill, entitled H.R. 3746 – Fiscal Responsibility Act of 2023, passed the House.
The White House and House Republican Leadership reached an agreement to address the debt limit and cap spending. Yesterday, the Fiscal Responsibility Act passed the House and now heads to the Senate. To learn about its impact on counties, explore our full analysis. | Intergovernmental Affairs