Approval from the USA Senate to increase the debt limit for a short time

After long negotiations between Democrats and Republicans, the bill was passed in the Senate by a vote of 48 to 50. With the bill, whose next stop is the House of Representatives, the debt limit is expected to be increased by $480 billion, sufficient until December 3.

Debt limit crisis In the USA, the federal government is threatened with reaching its debt limit of $28.4 trillion, which could lead to a historic default. The debt limit is the upper limit on the amount of money the US government can borrow to pay off its debts. Technically, the deadline for the debt limit As it filled on August 1, the U.S. Treasury Department began taking "extraordinary measures" so that the government could continue with its payments. He stated that the Treasury's extraordinary measures would be exhausted if it did not take action to increase or suspend the debt limit until