Congress Clears $2.5 Trillion Debt Limit Increase

A picture of a U.S. $100 bill with a key on top

Democrats cleared legislation Wednesday to raise the statutory debt limit by $2.5 trillion, an amount intended to give the Treasury Department enough borrowing room to make it past the midterm elections and into 2023.

The House voted 221-209 to send the measure to President Joe Biden.

The vote came shortly after midnight after the Senate voted along party lines, 50-49, Tuesday afternoon to send the measure to the House.

Read the rest of the Roll Call article here.

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