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Congressional Democrats raise debt limit by $2.5 trillion, averting financial calamity

Wednesday, December 15 by ABC News

(WASHINGTON) -- Late Tuesday night, the House voted to raise the debt ceiling by $2.5 trillion -- a move that should stave off the first-ever default.All Democrats in both the Senate and House voted to raise the debt limit. One Republican, Rep. Adam Kinzinger,... Read More.

Senate Democrats raise debt limit by $2.5 trillion, averting financial calamity

Tuesday, December 14 by ABC News

(WASHINGTON) -- The Senate narrowly averted financial calamity Tuesday by passing legislation to raise the federal borrowing limit by $2.5 trillion dollars.All Democrats voted to raise the debt limit. No Republicans joined them.The legislation heads to the House next, where it is expected to... Read More.

Treasury secretary warns of ‘calamity’ if Congress doesn’t raise debt limit

Tuesday, September 28 by ABC News

(WASHINGTON) -- U.S. Treasury Secretary Janet Yellen said Tuesday that if Congress doesn't raise the debt ceiling by the deadline it would be a ‘calamity.’Testifying before the U.S. Senate Committee on Banking, Housing and Urban Affairs alongside Federal Reserve System Chairman Jerome Powell, Yellen... Read More.

Stories tagged with: calamity

Congressional Democrats raise debt limit by $2.5 trillion, averting financial calamity

Senate Democrats raise debt limit by $2.5 trillion, averting financial calamity

Treasury secretary warns of ‘calamity’ if Congress doesn’t raise debt limit

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