In more news from Capitol Hill, both chambers of Congress voted to increase the debt limit by $2.5 trillion, just hours before a deadline that would have sent the U.S. into its first-ever default. The increase was passed largely along partisan lines, with only one Republican in the House joining Democrats to pass the measure, which headed to President Biden’s desk in the early hours of this morning.
Congress Votes to Increase Debt Ceiling by $2.5 Trillion, Averting Default
HeadlineDec 15, 2021