Congress Increases Federal Debt Limit to $14.3 Trillion
Written by admin on February 5th, 2010 in Government.
Tags: debt
The U.S. Congress approved increasing the federal debt limit by $1.9 trillion, to $14.3 trillion, enough to prevent lawmakers from having to raise it again before November’s midterm elections.
The House voted 233-187 today to send the increase to President Barack Obama for his signature. The hike is more than twice the size of any of the four previous debt increases lawmakers approved in the past two years.
How much debt ’till it becomes a problem?
