Thu, Oct 7th, 2021 - 10:15am
December 10, 2021 - 7:15am | By Kyle Cornell
(Washington, DC) -- The Senate is paving the way for Congress to increase the debt ceiling and avoid a federal government default.
Thursday's 59-35 vote allows for a one-time debt ceiling increase by simple majority rather than 60 votes usually needed. The amount the debt ceiling will be raised is not yet public but it'll likely be done by December 15th so the government can pay its bills and obligations.
The national debt is currently around 29-trillion dollars.
