Senate Democrats narrowly passed legislation on Tuesday raising the federal debt ceiling by $2.5 trillion, clearing the biggest hurdle in Congress to allowing President Biden to continue borrowing money to pay for government expenditures until at least early 2023.
Source: washington times
Summary automatically generated by NewSUM A.I. from the following sources:
- Senate Democrats approve raising the federal debt limit to $31.4 trillion (washington times)
- Democrats vote to hike the federal debt to $31.4 trillion, send measure to Biden (washington times)