The U.S. Senate on Tuesday approved raising the federal government's debt limit by$ 2.5 trillion, to about$ 31.4 trillion, and sent it to the House of Representatives to pass and avert an unprecedented default. The 50-49 party-line vote follows a months-long standoff between Democrats and Republicans, with the latter seeking to force President Joe Biden's party to raise the debt limit on its own from the current$ 28.9 trillion level, generating fodder for attack ads during the 2022 congressional
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2021-12-16 00:00:00.0