House and Senate vote to raise debt ceiling by $2.5 trillion – By Sarah Ewall-Wice (CBS News) / December 15, 2021
The House and the Senate both voted to raise the debt limit helping avert a first-time default by the U.S. as the clock ticks down on the government’s ability to pay its bills. This comes after months of fighting between Democrats and Republicans over raising the debt limit and spending in Washington.
The bill now goes to President Biden’s desk for signature.
The resolution introduced in the Senate on Tuesday to raise the debt limit by $2.5 trillion passed along party lines, 50 to 49. Senate Majority Leader Charles Schumer said this would mean Congress won’t have to fight about raising the debt limit again until 2023 — beyond the midterm elections.
The legislation headed to the House of Representatives for a vote, which took it up after midnight Wednesday after voting to hold former Trump chief of staff Mark Meadows in contempt of Congress for defying a subpoena to appear before the House January 6 committee. The final vote tally was 221-209, with one Republican voting with all the Democrats.
CONTINUE > https://www.cbsnews.com/news/debt-ceiling-limit-raise-senate-vote-today-2021-12-14/
