US House approves $2.5 trillion debt ceiling increase

  • The debt limit will be increased to $31.4 trillion from $28.9 trillion

The House vote goes 221-209 in favour of increasing the federal debt limit. That follows after the Senate also approved of the proposal earlier in the day, helping to avert a default.

Once again, as much as this is a can that is always kicked down the road. When the time comes, it gets done one way or another. The US is not going to default.

investingLive Premium
Telegram Community
Gain Access