Democrats Set Debt Limit Increase at $2.5 Trillion Ahead of Senate Vote

The figure would allow the government to continue borrowing to finance its obligations without further action by Congress until after the 2022 midterm elections.

Democrats Set Debt Limit Increase At $2.5 Trillion Ahead Of Senate Vote

The New York Times – by Emily Cochrane

WASHINGTON — Senate Democrats on Tuesday announced they would bring up legislation to raise the debt ceiling by $2.5 trillion, moving to stave off the threat of a first-ever federal default until at least early 2023.

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