The House of Representatives voted to raise the nation’s debt limit by $2.5 trillion, giving the Treasury Department the ability to issue additional new debt until after the 2022 midterm elections.
The final vote in the lower chamber was 221-209. The measure passed the Senate earlier Tuesday and now heads to President Joe Biden’s desk.
Recommended Stories
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.