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News Link • Legislative Mischief

Congress raises debt ceiling to $12.4 trillion

• AP
The Senate voted Thursday to raise the ceiling on the government debt to $12.4 trillion, a massive increase over the current limit and a political problem that President Barack Obama has promised to address next year.

1 Comments in Response to

Comment by Thane Eichenauer
Entered on:

I was thinking this was a small increase after first hearing that their original plan was a 1.8 trillion dollar increase but this "small" increase is a 23% increase over the current 12.1 trillion limit.


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