Samuel Corum / Stringer via Getty Images Congress approved a $2.5 trillion debt ceiling increase, ending months of debate between Democratic and Republican leadership.
In 2019, Congress suspended the debt ceiling — which prevents the federal government from assuming a certain level of national debt — until August 2021. In an attempt to make Democrats enact a permanent solution on their own by the end of the year, Senate Minority Leader Mitch McConnell (R-KY) gave Democrats a short-term deal in October to suspend the debt ceiling.
In a party-line vote, however, lawmakers settled upon an arrangement that will fund the government […]
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