House passes raised debt limit, sends bill to President Obama for final approval

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The U.S. House of Representatives on Thursday voted to increase the government’s borrowing authority to $14.3 trillion, sending the measure to President Barack Obama to sign into law.

By a vote of 233 to 187, the House voted to raise the nation’s debt limit by $1.9 trillion, which would probably allow lawmakers to avoid revisiting the politically toxic issue before November congressional elections.

The Senate passed the bill last week.

Full story: U.S. House backs debt limit hike, sends to Obama – Reuters