Tag Archives: debt ceiling

Congress Approves $2.5 Trillion Debt Limit Increase

United States Capitol

On Tuesday, Congress voted to raise the national debt limit by $2.5 trillion and extend it into 2023, narrowly avoiding a midweek deadline that would have sent the United States into default. The House approved the measure by a 221-209 party-line vote to raise the federal government’s debt limit to …

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President Biden Signs Bill Temporarily Raising Debt Limit

President Biden

President Joe Biden on Thursday signed into law a bill raising the nation’s debt limit until early December, delaying the prospect of an unprecedented federal default that would cause economic disaster. The House passed the $480 billion increase in the country’s borrowing ceiling on Tuesday, after the Senate approved it …

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House Votes to Extend Debt Limit Through December

United States Capitol

The House of Representatives voted late Tuesday to extend the federal debt limit through early December, sending the bill to President Joe Biden’s desk, who is expected to sign it. The party-line vote of 219-206 approves an increase of $480 billion to the debt limit until Dec. 3, lifting it …

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