U.S. debt limit increase would extend until March 2017

October 26, 2015 6:29 PM

34 0

WASHINGTON Oct 26 U.S. borrowing authority would be extended until March 2017, beyond the Obama administration, under a deal being negotiated by congressional leaders and the White House, according to a U.S. House of Representatives source.

As part of a parallel measure to fund government programs through Sept. 30, 2017, negotiators also aim to stop an increase in Medicare Part B premiums that is otherwise due to start soon. This is the supplemental health insurance program mainly for the elderly.

Also read: Apple signs deal with Sesame Workshop for kids' shows

Read more

To category page