Congress has approved raising the government’s debt ceiling by $2.5 trillion. The bill will not go to Biden’s desk for signature.

Context: The new debt ceiling limit will push the next “crisis” past the November 2022 midterm elections.

The Senate voted 50-49 to approve the legislation and it was later proved by the house 221-209.

What this means: The issue took weeks of work to settle in Congress and the passage concludes the battle.


The GOP negotiated a deal that allowed Senate Democrats to raise the ceiling along party lines, temporarily suspending the typical 60 vote threshold for passage of the measure.

What people are saying:

Schumer: “No brinkmanship, no default on the debt, no risk of another recession: responsible governing has won on this exceedingly important issue. The American people can breathe easy and rest assured there will not be a default… I thank the Republican leader and my Republican colleagues who voted with us to address this issue.”

McConnell: “Later today, every Senate Democrat is going to vote on party lines to raise our nation’s debt limit by trillions of dollars.”

Follow us on Twitter and Facebook!

(Visited 2,483 times, 1 visits today)