Senate Votes to Temporarily Raise Debt Ceiling, House to Vote Tuesday

Senate Votes to Temporarily Raise Debt Ceiling, House to Vote Tuesday
Senate Majority Leader Chuck Schumer (D-N.Y.) walks to a lunch meeting with Senate Democrats at the U.S. Capitol in Washington, on Oct. 7, 2021. Drew Angerer/Getty Images
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The Senate late Thursday voted to approve a short-term increase to the federal debt ceiling by $480 billion through Dec. 3.

The debt ceiling already stands at $28.4 trillion and the bill would lift the debt limit to $28.9 trillion.

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