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US lawmakers vote to raise debt ceiling in 11th-hour deal to dodge default

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Lawmakers in the United States have voted to raise the government's borrowing limit by $2.5 trillion, narrowly avoiding a catastrophic default. The Senate passed the measure 50-49. The new debt ceiling will give the US government enough space to borrow until 2023, after the midterm elections. Focus in Washington will now return to whether President Biden can get his $1.75 trillion social spending plan, 'Build Back Better', passed by the end of the year.

Added on the 15/12/2021 09:51:14 - Copyright : France 24 EN

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