Senate Democrats Approve Increasing Debt Ceiling by $2.5T, House to Follow
All 50 Senate Democrats voted Tuesday to raise the federal government’s borrowing limit by $2.5 trillion, a move that would allow Washington to avoid the possibility of an unprecedented default until 2023 at the earliest.
The measure passed the Senate 50-49 along party lines. Vice President Kamala Harris was not needed to break a tie vote as Sen. Cynthia Lummis (R-Wyo.) could not take part due to an illness.
The bill now goes to the House, which was expected to take it up no later than tomorrow, the deadline set by the Treasury Department for Congress to avoid hitting the nation’s credit limit.
Read More at the New York Post
