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

October 26, 2015 6:29 PM

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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: It’s not just programs for the poor. Trump’s budget calls for vast changes to government

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