It ignores objections from House conservatives who are insisting that disaster money for Harvey should not be paired with the debt limit increase. Failing to raise the debt limit would risk a market-shattering first-ever US default. "The government's cash reserves are running low since the nation's debt limit has actually already been reached, and the Treasury Department is using various accounting measures to cover expenses. Then the House would swiftly vote again to send it to Trump. He said a storm the size of Harvey is unprecedented, and because of that it "deserves and requires federal response.

Source: Economic Times September 02, 2017 01:41 UTC