Alva Review-Courier -

Senate votes to raise debt limit by $2.5T, avoiding default

 

December 15, 2021



WASHINGTON (AP) — The Senate approved legislation Tuesday to lift the nation's debt limit by $2.5 trillion under a deal struck between party leaders, defusing a volatile issue until after next year's midterm elections while saddling majority Democrats with a tough vote.

The 50-49 party line vote came just one day shy of a deadline set by Treasury Secretary Janet Yellen, who warned last month that she was running out of maneuvering room to avoid the nation's first-ever default. The measure now moves to the House where a vote could come as early as Tuesday night, sending it to President Jo...



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