Congress Clears Bill to Raise Debt Ceiling by $2.5 Trillion, in Time for Treasury Dept. Deadline

Congress Clears Bill to Raise Debt Ceiling by $2.5 Trillion, in Time for Treasury Dept. Deadline
Night falls at the the Capitol in Washington on Dec. 2, 2021. AP Photo/J. Scott Applewhite
|Updated:

The House voted early on Dec. 15 to raise the debt ceiling by $2.5 trillion until 2023, just in time for the deadline set by the Treasury Department, potentially avoiding an economic crisis.

Lawmakers passed the bill, which increases the limit to close to $31 trillion, in a 221–209 vote with just one Republican, Rep. Adam Kinzinger (R-Ill.), voting yes.
Katabella Roberts
Katabella Roberts
Author
Katabella Roberts is a news writer for The Epoch Times, focusing primarily on the United States, world, and business news.
Related Topics